Operating and Cash Conversion Cycles. Consider the following selected financial data for the Cloud 9 Retailer: Item      Beginning           Ending Inventory            $5,000 $7,000 Accounts...

Operating and Cash Conversion Cycles. Consider the following selected financial data for the Cloud 9 Retailer:

Item      Beginning           Ending

Inventory            $5,000 $7,000

Accounts receivable       1,600     2,400

Accounts payable            2,700    4,800

Net credit sales                 $50,000

Cost of goods sold           30,000

Calculate the operating and cash conversion cycles (CFM adapted).