Lost Pigeon Aviation is a mature firm that has a stable flow of business. The following data was taken from its financial statements last year: Lost Pigeon'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 complete the following table. (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) Both the inventory conversion period and payabies deferral period use the average dally coGs in their denominators, whereas the average collection period uses average dally sales in its denominator. Why do these measures use different inputs? Inventory and accounts payable are carried at cost on the balance sheet, whereas accounts receivable are recorded at the price at which goods are sold, Current assets should be divided by sales, but current labilities should be divided by the coas. The management at Lost Pigean Aviation wants to continue its internal discussions related to its cash management. One of the finance team members presents the following case about Loud Noise Recordings to his cohorts