Question
Negus Enterprises has an inventory conversion period of 65 days, an average collection period of 45 days, and a payables deferral period of 30 days.
Negus Enterprises has an inventory conversion period of 65 days, an average collection period of 45 days, and a payables deferral period of 30 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days If annual sales are $4,526,000 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar. $ How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.
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