Question 1 of 4 > -/100 View Policies Current Attempt in Progress (Activity ratios) The following financial information is for Ambroise Industries Inc 2020 2019 Sales $4,654,000 $4.202.000 Cost of goods sold 2.140,840 1.932.920 Accounts receivable 625,870 560.580 Inventory 841.440 768,020 Accounts payable 216,150 213,080 Total assets 1.728,080 1,568,110 Ambroise is a distributor of auto parts operating in eastern Ontario that offers 30-day terms and has all sales on credit. The company has a large inventory due to the number of parts it stocks for different makes and models of cars. Most of its suppliers offer terms of 30 days, and Ambroise tries to stay on good terms with its suppliers by paying on time. Question 1 of 4 7100 What is the average time it takes Ambrose to collectits accounts receive Round answer to 1 decimal place, 184. Round Intermediate collations to 2 decimal places) Average collection period eTextbook and Media Question Part Score /20 What is the average length of time that it takes Ambroke to sell through its inventory flourd anwer to 1 decimal ploc, es 184. Round intermediate culties to 2 decimal places days Days to sell inventory e Textbook and Media Question Part Score -20 Question 1 of 4 -/100 What is the average rath of time that it takes Ambroise to pay its payables (Round answer to 1 decimal place, 14. Round intermediate calculations to 2 decimal places.) Accounts payable payment period days cTextbook and Media Question Part Score -20 The cash-to-cash code is the length of time from when a company purchases an item of inventory to when it collects cash from its sale, reduced by the days it takes to pay the related accounts payable How long is Ambrose's cash-to-cash cycle? (Round answer to I decimal place, es 18.4) days Ambrose's cash-to-cash cycle e Textbook and Media Question Part Score -20 Question 1 of 4 - / 100 Il Ambroses cast-to-cash cyde days eTextbook and Media Question Partscort --/20 Assume that Ambrose finances its inventory with a working capital loan from the bank. If Ambroise could improve its inventory management system and reduce the days to sell inventory to an average of 50 days, how much lower would the company's bank loan be? (Round answer to decimal places, 45412) 5 Company's bank loan would be eTextbook and Media Question Part Score - /20 Se for Later Attempts: 0 of 1 used Submit Anwe