Merge al Center Format Painter $ CUIRILIRITULI % 0 ,0 Formatting Tat ipboard Font Alignment Number Styles =K31*F18 BC D The balance sheet of a firm at the end of 2018 shows balances of $1,400 for inventory, $1,200 for accounts receivable, and $400 for accounts payable. The income statement shows sales of $8,000 and cost of sales of $5,000. Inventory purchases were also $5,000. 1 Create a data input table for the information above. Calculate the following val. inventory turnover accounts receivable turnover accounts payable turnover 3.57 6.67 AAI ACP APP 102.2 54.75 29.20 12.5 21 Calculate the following values operating cycle cash conversion cycle 156.95 127.75 What is the firm's investment in net working capital at the end of the year? What is the annual cost to finance the firm's investment in net working capital? Is & Sheet1 O Type here to search