1. If Swatch's inventory conversion period is 45 days, its payables deferral period is 35 days, and its receivables conversion period is 50 days, then its cash conversion cycle must be a. 60 b. 90 c. 30 days. d. cannot be determined from information given Last year Bizmart had credit sales ofS32 million and a net profit margin of896. If Bizmart had accounts receivable of $4.5 million, what was the length of the receivables conversion period? a. 51.3 days b. 56.3 days c. 54.9 days 2. d. 47.2 days Crystal Oil has $9 million in accounts payable, $1.8 in salaries and taxes payable, and $10.4 in other current liabilities. If Crystal Oil had a cost of sales of $54 million and selling, general, and administrative expense of $18 million, what is the length of its 3. payables deferral period? a. 107.47 days b. 73.02 days c. 54.75 days d. 45.63 days 4. Tefft Industries has an average inventory of $170,000, sells on terms of 2/10, net 30, and its cost of sales is $540,000. What is Tefft's inventory conversion period? a. 85 days b. 115 days c. 105 days d. cannot be determined from the data givern 5. Zycad has sales of $110 million a year. If Zycad reduces their processing float by 3 days what is the increase in the firm's average cash balance? Assume 365 days per year. a. $916,667 b. $904,110 c. $872,180 d. $30,137