14-4 Look back in the chapter to Table 14.1, which showed the balance sheets for Unilate Textiles on three different dates. Assume all sales and all purchases are made on credit. Calculate the length of Unilates cash conversion cycle on September 30, 2017 and December 31, 2017.

TABLE 14.1 Unilate Textiles: Historical and Projected Financials ( Million) 2/31/16 Historical otal current liabilities (CL) Total Liabilities and Equity Net working capital CA-CL Current ratio- CA/CL Earnings before interest and taxes