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(Activity ratios The following financial information is for Ambroise Industries Inc.: Sales Cost of goods sold Accounts receivable Inventory Accounts payable Total assets $5,015,000 $4,265,000

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(Activity ratios The following financial information is for Ambroise Industries Inc.: Sales Cost of goods sold Accounts receivable Inventory Accounts payable Total assets $5,015,000 $4,265,000 2,004,550 557,760 691,910 184,400 1,709,110 1,698,580 2,357,050 565,860 788,780 181,840 Ambroise is a distributor of auto parts operating in eastem Ontario that offers 30-day terms and has all sales on credit. The company has a large inventory due to the number of parts it stocks for different makes and models of cars. Most of its suppliers offer terms of 30 days, and Ambroise tries to stay on good terms with its suppliers by paying on time. What is the average time it takes Ambroise to collect its accounts receivable? (Round answer to 1 decimal place, e.g. 18.4) Average collection period What is the average length of time that it takes Ambroise to sell through its inventory? (Round answer to 1 decimal place,e.g. 18.4.) days Days to sell inventory What is the average length of time that it takes Ambroise to pay its payables? (Round answer to 1 decimal place, e.g. 18.4.) days days Accounts payable payment period The cash-to-cash cycle is the length of time from when a company purchases an item of inventory to when it collects cash from its sale, reduced by the days it takes to pay the related accounts payable. How long is Ambroise's cash-to-cash cycle? (Round answer to 1 decimal place, e.g. 18.4.) Ambrose's cash-to-cash cycle Assume that Ambroise finances its inventory with a working capital loan from the bank. If Ambroise could improve its inventory management system and reduce the days to sell inventory to an average of 50 days, how much lower would the company's bank loan be? (Round answer to 0 decimal places, e.g. 45,482.) days Company's bank loan would be $

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