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The Pororo Shoe Store had sales last year of RM87,000,000 based upon a cost of goods sold of RM65,000,000. Pororo also has inventory, accounts receivable,

The Pororo Shoe Store had sales last year of RM87,000,000 based upon a cost of goods sold of RM65,000,000. Pororo also has inventory, accounts receivable, and accounts payable of RM12,000,000, RM14,500,000, and RM16,000,000, respectively.

a) What is Pororos average age of inventory?

b)What is Pororos average collection period?

c)What is Pororos average payment period?

d)What is Pororos cash conversion cycle period?

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