Acitivty Ratio Company C Company P Sales 800,000.00 (51) Cost of Sales 500,000.00 (52) Purchases 400,000.00 (53) Accounts Receivable 40,000.00 80,000.00 Inventory 50,000.00 100,000.00 Accounts Payable 80,000.00 50,000.00 Inventory Turnover (45) 5 times Days in Inventory (46) (54) Receivable Turnover (47) 12 times Days in Receivable (48) (55) Payable Trunover (49) (56) Operating Cycle 27 days (57) Cash Conversion Cycle (50) 72 days