Kindly answer all the questions and use 360 days in a year in all problems. Thank you.

1. The average weekly check collection is P300,000 while the average weekly check disbursement is P140,000. If the float of the collections and disbursements are 5 days and 4 days respectively, how much is the net float? Answer in absolute amounts.

2. Using the given, compute the cash conversion cycle of the entity.

	Beginning	Ending	Average
Trade recievables	300,000	350,000	325,000
Inventory	200,000	800,000	???
Trade payables	300,000	???	650,000
	For the year
Sales(all on credit)	2,600,000
Purchases	1,950,000

Interpret the given and the cash conversion cycle.