The following information relates to Charleston Co.'s accounts receivable for 2021:   Accounts receivable balance, 1/1/2021 $ 840,000   Credit sales for 2021   3,300,000   Accounts receivable written off during 2021   70,000   Collections from customers during 2021   3,100,000   Allowance for uncollectible accounts balance, 12/31/2021   210,000

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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.