Question (i) The following information is extracted from the financial statements of XERO Limited: Cash $677,423 Accounts Payable $1,721,669 Accounts Receivable $1,845,113 Notes Payable $2,113,345 Inventories $1,312,478 Total Current Assets $3,835,014 Total Current Liabilities $3,835,014 Net Sales $9,912,332 Cost $5,947,399

(e) What is the cash conversion cycle for XERO Limited?

(f) What can you say about XERO Limiteds cash conversion cycle if it is known that the industry average cash conversion cycle is 42 days?