statements below to calculate the fim's Cash Conversion Cycle-be sure to use purchases (not COGS) for the AP Deferral calculation You must type in both the answer and all of your work to receive credit Be sure to use 4 decimal places where applicable (25.25% or 0.2525). Acme Products, Inc Balance Sheets Acme Products, Inc Income Statement ASSETS Cash current yr prior yr current yr 7,500 750 600 Cost of Goods Sold 4,500 3,000 400 500 2,100 100 2,000 500 1,500 500 400 Sales (all credit) Inventory Proporty, plant &equipment2.75 Total assets 1,125 900 Gross Prolit 2200 Operating expenses 5,125 4,100 Depreciation LIABILITIES&EQUITY Accounts payables Opertating income Interest expense 625 500 Taxable income 500 400 Taxes (25%) Accrued expenses Long-term debi Common stock Paid-in Capital Retained earrings Total iabilitios and equity 1,750 1,400 Net income 750 600 250 200 1250 1.000 5 125 4.100 al Paragraph B iler _ eli/iliili. I Eu