XYZ 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 the cost of goods sold is 75% of sales.

1. What is the length of firms cash conversion cycle?

2. If the annual sales are $3421875 and all sales are on credit, what is the firms investment in accounts receivable?

3. How many times per year does the company turn over its inventory?