Fitbands’ estimated sales are: Oct.   $131,989 Nov.   195,710 Dec.   249,288 Jan   124,318 Feb.   124,276 Mar.   124,361 What are the balances in accounts receivable for January, February, and March if 65% of sales is collected in the month of sale, 25% is collected the month after the sale, and 10% is second month after the sale? Round your answers to two decimal places.     Ending Balance January     February     March

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.