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Zane Corporation has an inventory conversion period of 51 days, an average collection period of 37 days, and a payables deferral period of 28
Zane Corporation has an inventory conversion period of 51 days, an average collection period of 37 days, and a payables deferral period of 28 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. days b. If Zane's annual sales are $3,690,935 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Do not round intermediate calculations. Round your answer to two decimal places.
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