Given the following information about a fictional company for 2010, answer the questions that follow.
Annual Sales $7,158,233
Cost of Goods Sold $4,234,872
Payables Deferral Period 19 days
Average Collection Period 26 days
Inventory Conversion Period 42 days
A What is the length of this company's cash conversion cycle?
B How many times per year does this company turn over inventory?
C What is the firm's investment in accounts receivable, assuming that all sales are on credit?
D What is the firm's investment in inventory?