Question Help The income statement and additional data of Jackson Services, Inc., follow Click the loon to view the income statement.) Click the icon to view the additional data.) Read the requirements Requirement 1. Calculate the cash conversion cycle for Jackson Services. Round all calculations to two decimal places. Assume all sales are on credit. (Use a 365-day year for computations Do not found any intermediary calculations, but then round each amount you enter into the table below to two decimal places, XXX. Abbreviation used: AP accounts payable: AR accounts receivable) Cash conversion . cyclo Requirement 2. Comment on Jackson Services' cash conversion cycle, assuming it was 46.23 days for the prior year. As shown by the in the number of days, the cash conversion cycle has in the current year, Choose from any increase sumber in the input fields and then continue to the next question decrease Total revenues 3T7,000 Expenses: Cost of goods sold Salaries expense Depreciation expense 105,000 55,000 28,000 10,000 5,000 11,000 Advertising expense Interest expense Income tax expense 214,000 sasha Total expenses 103,000 lys, the Net income the inpy Print Done 1. Calculate the cash conversion cycle for Jackson Services. Round all calculations to two decimal places. Assume all sales are on credit. 2. Comment on Jackson Services' cash conversion cycle, assuming it was 46.23 days for the prior year. Sery Print Done ber More Info Additional data: Data from the comparative balance sheet follow: November 30 2018 2017 $ Current Assets: Cash ...... . $ 124,000 Accounts receivable 49,000 Inventory 30,000 Current Liabilities: Accounts payable . . . . . . . . . . $ 33,000 Accrued liabilities 5,000 17,000 61,000 25,000 Ices' $ 25,000 21,000 of day Jer in the Print Done