Using ABC Companys income statements and balance sheets below, compute the companys cash conversion cycle (CCC).

ABC Company Balance Sheet

			2022	2021
Assets
Cash			86,632	85,632
Accounts Receivable			879,000	878,000
Inventories			1,717,480	1,716,480
Total Current Assets			2,683,112	2,680,112
Property and equipment			1,198,160	119,7160
Other Assets			381,120	380,120
Net Fixed Assets			1,579,280	1,577,280
Total Assets			4,262,392	4,257,392
Liabilities and Equity
Accounts payable			437,800	436,800
Accruals			409,000	408,000
Notes payable			301,000	300,000
Total current liabilities			1,147,800	1,144,800
Long-term debt			781,120	400,000
Common stock			2,102,296	1,721,176
Retained Earnings			231,176	231,176
Total equity			2,333,472	1,952,352
Total liabilities and equity			4,262,392	3,497,152

ABC Company Income Statement

			2,022	2021
Sales			18,036,600	17,725,000
Cost of goods sold			6,876,992	6,875,992
Other expenses			551,000	550,000
Gross Profit			10,608,608	10,299,008
Less Depreciation			116,960	115,960
Operating income (EBIT)			10,491,648	10,183,048
Interest expense			78,008	71,008
Earnings before taxes			10,413,640	10,112,040
Taxes (40%)			4,165,456	4,044,816
Net income			6,248,184	6,067,224
EPS			4.17	4.18
DPS			1.25	1.24
Book value per share			1.56	1.35
Stock price			62.47	61.50
Shares outstanding			1,500,000	1,450,000