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Cash Conversion Cycle Nogus Enterpeises has an inventery comersion penod of 75 days, an average collection period of 47 dorit, and a parables deferral period
Cash Conversion Cycle Nogus Enterpeises has an inventery comersion penod of 75 days, an average collection period of 47 dorit, and a parables deferral period of 21.1 days. Asiume that cost of goods sold is a0\% of sales. Assume a 365 -day yeac, Do not round intermediate calculations. a. What is the length of the firm's cash corversion cycle? foond your anserer to the rearest whole nimber. darys b. If annual sales are $4,854,500 and all saies are on credit, what is the firm's imestenent in accounts receivabie? Round your answer to the nearest dollar. 5 C. How munr times per year does Negus Enterprises turn over its inventory? Round your antwer to two decimal pleces
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