Cash Conversion Cycle. Calculate the $($a$)$ accounts receivable period, $($b$)$ accounts payable period, $($c$)$ inventory period, and $($d$)$ cash conversion cycle for the following firm:

Income Statement Data:

Sales $6,000$

Cost of goods sold $4,800$

Balance sheet data:

Beginning of Year End of Year

Inventory $600700$

Accounts receivable $110130$

Accounts payable $260300$

Show your work.

A$.$ Calculate the accounts receivable period:

Response $($show formula and numerical values$)$:

B$.$ Calculate the accounts payable period

Response $($show formula and numerical values$)$:

C$.$ Calculate the inventory period

Response $($show formula and numerical values$)$:

D$.$ Calculate the cash conversion cycle

Response $($show formula and numerical values$)$: