Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 67 days, an average collection period of 37 days, and a payables deferral period of 31 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

a- What is the length of the firm's cash conversion cycle?

b- If Negus's annual sales are $3,978,250 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar. Do not round intermediate calculation.

c- How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places. Do not round intermediate calculation.