16. LNN Inc. has the following data: Annual sales $80,000,000 Average inventory $20,000,000 Average accounts receivable $16,000,000. The firm buys all raw materials on credit , its trade credit terms are net 35 days, and it pays on time. The firm's managers are searching for ways to shorten the cash conversion cycle. If sales can be maintained at existing levels but inventory can be lowered by $4,000,000 and accounts receivable lowered by $2,000,000, what will be the net change in the cash conversion cycle? Use a 365-day year. Round to the closest whole day. a. +105 days O b.-105 days O c. +27 days d.-27 days O e. None of the above