Wildhorse Sports Equipment Company just reported the following financial information. Wildhorse Sports Equipment Company Assets Liabilities and Equity Cash $ 682,800 Accounts payable $1,726,700 Accounts receivable 1,843,500 Notes payable 2,124,100 Inventories 1,324,500 Total current liabilities $3,850,800 Total current assets $3,850,800 Sales and Costs Net sales $9,903,700 Cost of goods sold $5,960,700 Calculate the firm's days' sales outstanding. (Use 365 days for calculation. Round answer to 1 decimal place, e.g. 15.1.) Days' sales outstanding days e Textbook and Media What is the firm's days' sales in inventory? (Use 365 days for calculation. Round answer to 1 decimal place, eg. 15.1.) Days' sales in inventory days eTextbook and Media What is the firm's days' payables outstanding? (Use 365 days for calculation. Round answer to 1 decimal place, e.g. 15.1.) Days' payables outstanding days e Textbook and Media What is the firm's operating cycle? (Round answer to 1 decimal place, e.g. 15.1.) Operating cycle days How does it compare with the industry average of 72 days? The firm is in managing its receivable and inventory as its operating cycle the industry average. e Textbook and Media What is the firm's cash conversion cycle? (Round answer to 1 decimal place, e.g. 15.1.) Cash conversion cycle days How does it compare with the industry average of 43.1 days? The firm's cash conversion cycle is on a with the industry average