3. The Garcia Industries balance sheet and income statement for the year ended 2015 are as follows: "The average inventory over the past two years also equals $12.0 million. a. Determine the length of the inventory conversion period. b. Determine the length of the receivables conversion period. c. Determine the length of the operating cycle. d. Determine the length of the payables deferral period. e. Determine the length of the cash conversion cycle. f. What is the meaning of the number you calculated in Part e