Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 79 days, an average collection period of 38 days, and a payables deferral period of 36 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

1. What is the length of the firm's cash conversion cycle? days

2. If Negus's annual sales are $3,664,600 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar.

$

3.How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.

Please show work