Negus Enerprises has aan inventory conversion period of 50 days, an average collection period of 35 days and a payable deferral period of 25 days. assume hat cost of goods sold is 80% of sales.
A. what is the length of the firm's cash conversion cycle
B. If Negus's annual sales are $4,380,000 and all sales are on credi, what is the firm's invesment in accounts payable
c. How many times per year does Negus Ent. turn over its inventory