Question #7 (8 marks) Consider the following common-size financial statements: Note: Every B/S item is divided by TA; and, every I/S item is divided by Sales. B/S A/R Inventory A/P 20% 10% 15% 1/S Sales CGS Purchases 100% 60% 60% Asset turnover (ATO) = 2. Assume 360 days in a year. Calculate the cash conversion cycle