Trimaz Co. has the following selected information from its financial statements:

Required:
1. Calculate the cash conversion cycle for 20X9 and 20X8. (Use closing balances, rather than average balances, in the calculations.)
2. The company would like to improve its cash conversion cycle by three days by changing its days in inventory for 20X9. What would the revised inventory balance have to be to accomplish this reduction?

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(in thousands of dollars) Revenues Cost of goods sold Accounts receivable Inventories Accounts payable 20X9 2,330 1,860 330 230 281 20X8 1,805 1,238 275 225 275