Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 41 days, and a payables deferral period of 29 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.
What is the length of the firm's cash conversion cycle?
days
If Negus's annual sales are $3,107,475 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar.
$
How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.