ABC Corporation has P5,000,000 in inventory and P2,000,000 in accounts receivable. Its average daily sales are P100,000. The company has P1,500,000 in accounts payable. Its average daily purchases are P50,000. Required: 4. Days inventory outstanding (*Note: Because cost of sales is not available, you may use sales as alternative.) 5. Days receivable outstanding 6. Days it takes to convert inventory to cash 7. Days payable outstanding Cash Conversion Cycle in days 8.