Everdeen, Inc. Has a 90 day operating cycle. If its average age of inventory is 34 days, how long is its average collection period? If its average payment period is 20 days, what is its cash conversion cycle?
1. Everdeen's average collection period, ACP is __________ days (round to nearest whole dollar)
2. Everdeen's cash conversion cycle, CCC, is _______ days? (round to nearest whole number)