Green Melon Electronics Company is a mature firm that has a stable flow of business. The following data was taken from its financlal statements last year: Green Melon's CFO is interested in determining the length of time funds are tied up in working capital. Use the information in the preceding table to answer the following questions. (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) What is the value of the inventory conversion period? 69.15 days 56.57 days 143.68 days 59.72 days Both the inventory conversion period and payables deferral period use the average daily cocs in their denominators, whereas the average collection period uses average daly sales in its denominator. Why do these measures use different inputs? Current assets should be divided by sales, but current liabilities should be divided by the coGs. Inventory and accounts payable are carried at cost on the balance sheet, whereas sccounts recelvable are recorded at the price at which goods are sold. What is the average collection period? 76.48 days 30.79 days 28.11 days 25.43 davs What is the payables deferral period? 65.70 days 125.14 days 60.23 days 57.49 days What is the payables deferral period? 65.70 darys 125.14 days 60.23 days 57.49 days What is the cash conversion cycle? 95.02 days 40.11 days 38.37 days 43.60 days