These are the financial statements for Mou Trek, Inc

Income statement for the year 2014
Sales	220,000
Cost of Goods Sold	120,000
Fixed Costs	40,000
Depreciation	15,000
EBIT	45,000
Interest expense	10,000
Taxes (40%)	14,000
Net Income	21,000

Balance Sheet at the end of the year 2014
Cash	10,000		Accounts Payable	35,000
Accounts Receivable	50,000		Notes Payable	10,000
Inventories	60,000		Accruals	40,000
Fixed Assets	130,000		Long Term Debt	30,000
			Common Stock	5,000
			Retained Earnings	130,000
Total Assets	250,000		Total Liabilities and Equity	250,000

1.

Calculate the inventory conversion period for Mounts Trek, Inc.

2.

Calculate the receivables collection period for Mount Trek, Inc