Problem:

ABC Corporation has the following financial data:

$>$Current assets: $$500,000$

$>$Current liabilities: $$300,000$

$>$ Inventory: $$120,000$

$>$ Accounts receivable: $$100,000$

$>$ Accounts payable: $$80,000$

$>$ Operating expenses: $$200,000$

$>$ Sales revenue: $$800,000$

Requirements:

$1.$ Calculate ABC Corporation's cash conversion cycle.

$2.$ Provide comprehensive interpretation for ABC company working capital management indicators.