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Question 8 (6 points) Listen Arkansas Technology Incorporated (ATI) purchases goods from its suppliers on terms of 3/15, net 40. The following information is for

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Question 8 (6 points) Listen Arkansas Technology Incorporated (ATI) purchases goods from its suppliers on terms of 3/15, net 40. The following information is for Southern Cross Ventures. (6 marks) Sales (all on credit) $100,000 Cost of Goods Sold 80,000 Accounts receivable 30.000 Inventory 15,000 Accounts Payable 40,000 a) What is Southern Cross Cash Conversion Cycle? (4 marks) b) What does your answer about the cash conversion cycle tells you about Southern Cross use or need for cash? (2 marks) Paragraph U A = do

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