The balance sheet for Iguazu Corporation is given below. Sales for the year were $2,105,000, with 80% of sales sold on credit. The cost of sales for the year were $1,184,000. Iguazu Corporation Balance Sheet as per Dec 15, 2021 Assets Liabilities and Shareholders' Equity Cash 90,000 Accounts payable 200,000 Accounts receivable 250,000 Accrued taxes 32,000 Inventory 280,000 Accrued salaries 93,000 Current assets 620,000 Current liabilities 325,000 Plant and equipment 890,000 Mortgage 455,000 Total assets 1,510,000 Total liabilities 780,000 Common stock 350,000 Retained earnings 380,000 Total shareholders' equity 730,000 Total liabilities and shareholders' equity 1,510,000 Assume that there are 365 days in a year. Calculate the requested information and fill out the blanks below accordingly. All questions relate to the original information unless explicitly stated otherwise. Submit your calculations to the dropbox after the exam. a) Blank #1: Calculate the average collection period (i.e. A/R holding period). Round Up to whole dollar amount (0 decimal). b) Blank #2: Calculate accounts payable period. Round UP to whole dollar amount (0 decimal) c) Blank #3: Calculate the cash conversion cycle. d) Blank #4: Briefly interpret the result in c); What does the number mean for Iguazu Corp. working capital management? (1-2 sentences) e) Blank #5: Assume that Iguazu Corporation takes a self-liquidating loan of $53,700 for 60 days. Iguazu Corp. pays $478 interest on the loan. What is the annual interest rater on the loan?(round to 2 decimals, provide result without % sign) f) Blank #6: Iguazu Corporation is considering to allow consumers to pay later, which would increase the new average collection period to 90. What would be the new accounts receivable balance in this case?(round to the nearest $. No decimals) g) Blank #7: Assume that Iguazu Corporate has an investment opportunity for marketable securities of 3%. If the new accounts receivable balance was $440,000, what would be the annual opportunity cost of allowing customers to pay later? (round to the nearest $. No decimals)