In the month of January, Reliance® Auto sold 60 vehicles and had account receivable of $160,000.00. If a vehicle costs $40,000, account payable is $240,000 and the cost of sales is 72%, and the current value of total inventory is $500,000.00, Calculate;
The average daily sales
The average days of accounts receivable
The average daily cost of sales
The average days of inventory
Cash to cash cycle time