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Following are the information given by Sohar Company for its last accounting period. OMR Accounts payable in the beginning 45,000 Accounts payable at the end

Following are the information given by Sohar Company for its last accounting period.

OMR

Accounts payable in the beginning

45,000

Accounts payable at the end

85,000

Accounts receivable in the beginning

60,000

Accounts receivable at the end

50,000

Opening inventory

20,000

Closing inventory

70,000

Credit sales

250,000

Credit purchases

200,000

Cost of goods sold

95,000

1. Calculate Sohar Companys receivable collection period. (rounded to the nearest whole day). (73 days.28 days.80 days.162 days)

2. Calculate Sohar Companys inventory conversion period. (rounded to the nearest whole day). (173 days,40 days,137 days.33 days)

3. Calculate Sohar Companys average payment period. (rounded to the nearest whole day). ( 19 days,191 days.119 days.61 days)

4. Calculate Sohar Companys cash conversion cycle. (rounded to the nearest whole day). (73 days,131 days,134 days,143 days)

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