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*Assume that all sales are credit sales and that average accounts receivable are the same as ending accounts receivable. **Assume that average inventory over the
*Assume that all sales are credit sales and that average accounts receivable are the same as ending accounts receivable. **Assume that average inventory over the year was the same as ending inventory. ***Assume that average accounts payable are the same as ending accounts payable. Assume that there are 365 days per year. a. Determine Butler-Huron's cash conversion cycle. Round intermediate calculations and answer to one decimal place. days b. Determine Butler-Huron's cash conversion cycle assuming that 70 percent of annual sales are credit sales (that is, 30% represent cash sales). Round intermediate calculations and answer to one decimal place. days c. Determine Butler-Huron's cash conversion cycle assuming that 40 percent of annual sales are credit sales. Round intermediate calculations and answer to one decimal place. days
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