QUESTION 4 The sales forecast for June is $10M The July sales are forecasted to increase by 10% over June sales Each month, tece a sales are 60% and cash sales are 40% The firm collects 100% of credit sales (accounts recevable) wtefolkw gmonth Find the total cash collection in the month of July. O C $9.2M O D. $10.4M E. $10.5M QUESTION 5 For a venture the inventory-to-sale conversion period is 55 days. The sale-to-cash conversion period is 25 days. The purchase-to- payment conversion period is 35 days. Find the cash conversion cycle O A 45 days @ B 25 days 10 days O D 5 days O E 2 days Save Al ck Save and Submit to save and submit. Click Save All Answers to save all answers