4. the components of the operating cycle consider this data for chocolate cookie company (ccc) and use it to complete the table: selected financial data for chocolate cookie company (ccc) average cash $32,813 average accounts payable $440,000 average accounts receivable $787,500 average inventories $393,750 average cash sales $2,625,000 average credit sales $7,875,000 average cost of goods sold $4,725,000 average number of days per year 360 days inventory conversion period 30.00 days payables deferral period days receivables conversion period days cash conversion cycle days