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Black Sheep Broadcasting's CFO is interested in determining the length of time funds are tied up in working capital. Use the information in the preceding

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Black Sheep Broadcasting's CFO is interested in determining the length of time funds are tied up in working capital. Use the information in the preceding table to answer the following questions. (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) What is the inventory conversion period? 61.29 days 181.51 days 54.08 days 57.68 days What is the average collection period? O 21.84 days 20.55 days 23.12 days 70.05 days

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