14-4 (Cash conversion cycle) Australian Products is concerned about managing cash in an efficient E manner. On average, inventories have an average age of 90 days and accounts receivable are collected in 60 days. Accounts payable are paid approximately 30 days after they arise. The firm spends $30 million on operating cycle (OC) investments each year, at a constant rate. Assuming a 365-day year a Calculate the firm's OC b Calculate the firm's CCC c Calculate the amount of financing required to support the firm's CCC. d Discuss how management might be able to reduce the CCC