Question 35 Following are the information given by Sohar Company for its last accounting period Not yet answered OMR Average accounts payable 11,000 Marked out of 4.00 Flag Question Average accounts receivable 17,000 Average inventory 9,000 Net sales 100,000 Net purchases 80,000 Cost of goods sold 110,000 1. Calculate Sohar Company's receivable collection period. (rounded to the nearest whole day). 2. Calculate Sohar Company's inventory conversion period. (rounded to the nearest whole day) 3. Calculate Sohar Company's average payment period. (rounded to the nearest whole day) 4. Calculate Sohar Company's cash conversion cycle. (rounded to the nearest whole day!
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