BWS Corporation is a specialty motorcycle parts replacement venture. The two founders borrowed $100,000 from members of their families at 5% interest, and each also put up $50,000 in equity capital. A Retail space was rented and $100,000 was spent for fixtures and store equipment. The Following statements are after one complete year of operation in 2019:

Income Statement 2019

Sales $350,000

COGS 145000

Admin expenses 140000

Marketing 20000

Depreciation 10,000

EBIT 35,000

Less: Interest 5,000

EBT 30,000

Less: Taxes 7000

Net Income 23,000

Balance Sheet

Cash $40,000

Receivables 30,000

Inventories 60,000

Total Cur. Assets 130,000

Fixed Assets, Net 100,000

Total Assets $230,000

Payables 20,000

Accruals 10,000

Total Cur. Liab. 30,000

Long-Term Loan 100,000

Stockholders Equity 100,000

Total Liab. & Eq. $230,000

2. Calculate:

1. the inventory-to-sale conversion period,

2. the sale-to-cash conversion period,

3. the purchase-to-payment conversion period

4. calculate the Cash Conversion Cycle