E15-1 Sharam Industries has a 120-day operating cycle. Ifits average age of inve

E15-1 Sharam Industries has a 120-day operating cycle. Ifits average age of inventory is 50 days how long is its averagecollectionperiod? If its average payment period is 30 days what is its cashconversioncycle? Place all of this information on a time line similar toFigure 15.2 on page605.