The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 27% In the next month: 29% After 2 months: 11% After 3 months: remainder is collected What is the cash collection for August? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. Sales Month Jan Feb Mar Apr May June 74,109 82,072 82,374 72,362 74,109 82,072 Month Sales $ July Aug Sep Oct Nov Dec 72,362 82,374 74,109 82,374 82,072 72,362

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.