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The information below is used for questions 19-20. The below chart represents the inventory and accounts receivable balances for the MegaMart Sales Corporation at specific

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The information below is used for questions 19-20. The below chart represents the inventory and accounts receivable balances for the MegaMart Sales Corporation at specific points in 2019. Date January 15 March 27 July 5 October 28 December 30 Inventory 133,554 214,899 200,365 182,432 140,145 A/R 77,511 90,147 83,541 77,898 82,258 Total Sales $ Total Sales Returns $ Total COGS $ 1,824,575 93,254 956,990 For 2019,61% of total sales were made on credit, 54% of the returns were related to credit sales. 19.) On average, how long did it take for MegaMart to cycle through inventory in 2019? (3 marks) 20.) On average, how long did it take MegaMart to collect the sales made on credit during the year? (4 Marks)

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