Explain 16-4 CASH CONVERSION CYCLE Zane Corporation has an inventory conversion period of 64 das an average collection period of 28 days, and a payables deferral period of 41 days. a. What is the length of the cash conversion cycle? b. If Zane's annual sales are $2,578,235 and all sales are on credit, what is the investment in accounts receivable? c How many times per year does Zane turn over its inventory? Assume t goods sold is 75%of sales. Use sales in the numerator to calculate the turnover that the cost of ratc 16-5 RECEIVABLES INVESTMENT Mcwan Indiuul