The Fuji Corporation is interested in examining its cash conversion cycle. Suppose a Fuji manager has assembled the following data for your use: $1M (M = million) in inventory; $0.8M in account receivables (AR); $0.4M in account payables (AP); $0.15M in wages, benefits, and payroll taxes payable (WBT); $50M in sales; $20M in cost of sales (CS); and, $1.5M in selling, general, and administrative expenses (SGA).

Answer the below questions. (a) Estimate the inventory conversion period (ICP). (b) Estimate the receivables collection period (RCP). (c) Estimate the payables deferral period (PDF). (d) What is the cash conversion cycle (CCC)?

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