The monthly market basket for consumers consists of pizza, 1-shirts, and rent The table below shows market basket quantities and prices for the base year (Year 1) and in the following two years The infation rate between Year 1 and Year 2 is The infation rate between Year 2 and Year (Round both answers to one decimal place) Product Pizza T-Shirts Rent Base Year (Year 1) Quantity 20 2 1 Price in the Base Year $3.50 $25.00 $500 00 Price in Year 2 $4.38 $22.50 $550.00 Price in Year 3 $5.25 $25.00 $625.00

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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.