7) Given the following information: inventory = $20,000, Daily cost of sales = $1,000, Receivables = $12,000, daily revenue = $4,000, payables = $8,000, daily purchases = 800, calculate: a) Inventory conversion period b) Receivables conversion period c) Payables conversion period d) Cash conversion period

Correctly show the formula for each calculation.

Clearly show your work for each calculation.

Make sure to clearly show the answer.

Please provide a Microsoft Excel, Access or Word table to show the values and calculations.

Reading handwriting can be difficult.