Use the financial statements below to calculate the firm's Cash Conversion Cycle-be sure to use purchases (not COGS) for the AP Deferral calculation. You must type in both the answer and all of your work to receive credit Be sure to use 4 decimal places where applicable (25.25% or 0.2525). Acme Products, Inc. Balance Sheets Acme Products, Income Stateme ASSETS Cash Receivables Inventory Property, plant &equipment2150 2.200 Operating expenses prior yr 00400 Sales (all credit) 750 600 Cost of Goods Sold current yr 1,125 900 Gross Profit Total assets 5,125 4,100 Depreciation Opertating income Interest expense Taxable income Taxes (25%) LIABILITIES & EQUITY Accounts payables Accrued expenses Long-term debt Common stock Paid-in Capital Retained earnings 625 500 500 400 1,750 1,400 Net income 750 600 250 200 1.250 1,000 5, 125 4,100 Total liabilities and equity search Use the financial statements below to calculate the firm's Cash Conversion Cycle-be sure to use purchases (not COGS) for the AP Deferral calculation. You must type in both the answer and all of your work to receive credit Be sure to use 4 decimal places where applicable (25.25% or 0.2525). Acme Products, Inc. Balance Sheets Acme Products, Income Stateme ASSETS Cash Receivables Inventory Property, plant &equipment2150 2.200 Operating expenses prior yr 00400 Sales (all credit) 750 600 Cost of Goods Sold current yr 1,125 900 Gross Profit Total assets 5,125 4,100 Depreciation Opertating income Interest expense Taxable income Taxes (25%) LIABILITIES & EQUITY Accounts payables Accrued expenses Long-term debt Common stock Paid-in Capital Retained earnings 625 500 500 400 1,750 1,400 Net income 750 600 250 200 1.250 1,000 5, 125 4,100 Total liabilities and equity search