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income statement and balance sheet are for the questions. Thank you in advance! INCOME STATEMENT begin{tabular}{r|rrr|} hline 3 & INCOME STATEMENT & 2018 & 2019

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INCOME STATEMENT \begin{tabular}{r|rrr|} \hline 3 & INCOME STATEMENT & 2018 & 2019 \\ \hline 4 & Net sales & $900,000 & $1,500,000 \\ \hline 5 & Cost of goods sold & 540,000 & 900,000 \\ \hline 6 & Gross profit & 360,000 & 600,000 \\ \hline 7 & Marketing & 90,000 & 150,000 \\ \hline & General and administrative & 250,000 & 250,000 \\ \hline 8 & Depreciation & 40,000 & 40,000 \\ \hline109 & EBIT & 20,000 & 160,000 \\ \hline 11 & Interest & 45,000 & 60,000 \\ \hline 12 & Earnings before taxes & 65,000 & 100,000 \\ \hline 13 & Income taxes & 0 & 25,000 \\ \hline 14 & Net income (loss) & $65,000 & $75,000 \\ \hline 15 & & & \end{tabular} \begin{tabular}{l|lrr|r} \hline 16 & BALANCE SHEET & 2018 & 2019 \\ \hline 17 & Cash & 550,000 & $20,000 \\ \hline 18 & Accounts receivable & 200,000 & 280,000 \\ \hline 19 & Inventories & 400,000 & 500,000 \\ \hline 20 & Total current assets & 650,000 & 800,000 \\ \hline 21 & Gross fixed assets & 450,000 & 540,000 \\ \hline 22 & Accumulated depreciation & 100,000 & 140,000 \\ \hline 23 & Net fixed assets & 350,000 & 400,000 \\ \hline 24 & Total assets & $1,000,000 & $1,200,000 \\ \hline 25 & & & \\ \hline 26 & Accounts payable & $130,000 & $160,000 \\ \hline 27 & Accruals & 50,000 & 70,000 \\ \hline 23 & Bank loan & 90,000 & 100,000 \\ \hline 29 & Total current liabilities & 270,000 & 330,000 \\ \hline 30 & Long-term debt & 300,000 & 400,000 \\ \hline 31 & Common stock (0.05 par) & 150,000 & 150,000 \\ \hline 32 Additional paid-in-capital & 200,000 & 200,000 \\ \hline 33 & Retained earnings & $0,000 & 120,000 \\ \hline 34 & Total liabilities and equity & $1,000,000 & 51,200,000 \\ \hline \end{tabular} D. Determine the lengh of the Catnilo Prodict's cash canversion cycle for 2019 eagth of the Cash Conversion Cyelo =

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