You are a financial Consultant for Aragon Corp.; the firm has provided you the following

financial statement information. Additional information indicates the average payable

days in the industry is $110$ days, and average cash conversion cycle is $60$ days. You

are tasked with analysing the working capital for the company. Assume all sales are

made in credit.

Beginning Inventory $64,890$

End Inventory $56,700$

Begin Accounts receivable $54,640$

Ending Accounts receivable $58,630$

Beginning Accounts payable $-43,569$

Ending Accounts payable $61,845$

Net Sales $550,640$

Cost of Goods Sold $365,800$

Required

a$)$ Using information from the financial statement calculate the inventory days for

Aragon Corp.

b$)$ Using information from the financial statement calculate the account receivable

days for Aragon Corp.

$5$ marks

c$)$ Using information from the financial statement calculate the account payable

days.

d$)$ Calculate cash conversion cycle for the firm and comment on the efficiency of

the firm based on your calculations.