Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 39 days, and a payables deferral period of 22 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations.
What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number.
days
If annual sales are $4,343,500 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.