Calculate the Payables Conversion Period for Persistence Inc. given the following information. Use 365 to get an average:

Inventory = $1,500

COGS = $22,200

A/R = $220

Revenues = $34,600

Purchases = $25,555

A/P = $100

People Products, Inc., has concerns about managing cash efficiency. Their averages are 90 days for inventories, accounts receivable are collected in 45 days, accounts payable are 40 days after they arise, annual sales are $50 million, goods sold total $25 million and purchases are $10 million. Calculate the length of the firms cash conversion cycle

If the permanent funding needs are the following:

Cash of $15,000

Inventory of $30,000

Accounts Receivable of $20,000

Accounts Payable of $25,000

What are the seasonal funding needs if Inventory increases to $55,000 and accounts receivable increase to $45,000 at the peak?