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1. On December 31, 2016, IZZY Corporation presents the following information in its financial statements : From the Statement of Financial Position Cash Php 900 000 Accounts Receivables 1 400 000 Inventory 850 000 Prepaid Items 90 000 Accounts Payables 550 000 From the Statement of Comprehensive Income Sales Php 7 800 000 Cost of Sales 5460 000 Operating Expenses 1450 000 Financing charges 150 000 REQUIRED: Compute the following: 1. Inventory Conversion Period 2. Receivable Collection Period 3. Payable Deferral Period 4. Cash Conversion Cycle