1. Primrose Corp has $19 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost of goods sold is 75% of sales, and it finances working capital with bank loans at an 9% rate. Assume 365 days in year for your calculations. Round intermediate steps to 2 decimal places. 1. What is Primrose's cash conversion cycle (CCC)? Round your answer to two decimal places. 2. If Primrose could lower its inventories and receivables by 8% each and increase its payables by 8%, all without affecting sales or cost of goods sold, what would be the new CCC? Round your answer to two decimal places. 3. How much cash would be freed-up? Round your answer to the nearest cent. 4. By how much would pre-tax profits change? Round your answer to the nearest cent. 1. Primrose Corp has $19 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost of goods sold is 75% of sales, and it finances working capital with bank loans at an 9% rate. Assume 365 days in year for your calculations. Round intermediate steps to 2 decimal places. 1. What is Primrose's cash conversion cycle (CCC)? Round your answer to two decimal places. 2. If Primrose could lower its inventories and receivables by 8% each and increase its payables by 8%, all without affecting sales or cost of goods sold, what would be the new CCC? Round your answer to two decimal places. 3. How much cash would be freed-up? Round your answer to the nearest cent. 4. By how much would pre-tax profits change? Round your answer to the nearest cent