Sales of $30,000,000

. Smith and Daughter Incorporated, SDI, has EBIT of $8.3M, cost of goods sold are 60% of sales, and net income is $1,540,000. Account receivables is $12M, inventory is $2,000,000, and account payables $5,000,000. SDI cost of capital is 12.5% with a marginal tax rate of 40%. Finally, the debt to equity ratio is 140% and the firm's dividend payout ratio is 65%. Use 365-day year. What is Sales? Find average collection period aka days sales outstanding Find the payable deferral period Find the inventory conversion period Find the operating cycle. Find the cash conversion cycle