oard QUESTION 11 Find the purchase- to- payment conversion period for ABC venture for the year 2006. See below for the IS and BS ABC Income Statement Ending Dec. 31st 2005 $2,720,000 1,000,000 720,000 180,000 500,000 80,000 40,000 90,000 Net Sales coGs Gross ProSt 3,200,000 2000,000 1,200,000 300,000 500,000 80.000 320,000 120,000 Marketing Expenses General Administrative ( Depreciation expense 130,000 200,000 EBT 50.000 Net Income 130,000 150,000 70,000 Change in Retained Earnings 80.000 ek Save and Submit to save and submit. Click Save All Ansuers to save all ansvers. Save Al 8 2 3 4 5 6 7