An organization has the following information on its balance sheet and income statement for the last 2 years:

Account	12/31/18	12/31/17
Accounts Receivable	1,927	3,112
Accounts Payable	3,625	1,863
Inventory	2,576	4,417
Cost of Goods Sold	28,693	36,581
Net Sales	57,528	74,312

1: Calculate the average inventory:

2: Calculation of the average daily sales:

3: Calculate the inventory period:

4: Calculate the average accounts receivable:

5: Calculate the accounts receivable period (assuming that all sales are credit sales):

6: Calculate the average accounts payable:

7: Calculate the accounts payable period:

8: Calculate the cash conversion cycle: