Chik Chik Company showed the following balances at the end of its first year: Amount $6,000 Prepaid insurance 9,400 Accounts receivable 7,000 Item Cash Accounts payable 5,600 Notes payable 8,400 Common stock 2,800 Retained Earnings 5,600 FIND THE TOTAL CREDITS SHOWN BY THE Chik Chik Company on its trial balance. Type your answer below using whole numbers only (with or without a comma to indicate thousands), but no dollar signs, decimals, or spaces.

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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.