The Zocco Corporation has an inventory conversion period of 60 days, an average collection period of 38 days, and a payables deferral period of 30 days. Assume that cost of goods sold is 75% of sales.

a. What is the length of the firm%u2019s cash conversion cycle?

b. If Zocco%u2019s annual sales are $3,421,875 and all sales are on credit, what is the firm%u2019s investment in accounts receivable?

c. How many times per year does Zocco turn over its inventory?