4. Calculate and discuss the cash conversion cycle (a) If it takes your business an average of 14.2 days to turn over inventory, 15.6 days to receive payment from customers and 17.3 days to pay suppliers. What is the cash conversion cycle of your business? (b) ABC Company reported a $1,000 beginning inventory and $3,000 ending inventory for the fiscal year ended 2021 with $40,000 cost of goods sold. Its beginning and ending accounts receivable balances were $4,000 and $6,000 respectively, with credit sales of $120,000. ABC Company has reported $1,000 in beginning accounts payable and $2,000 in ending accounts payable for the fiscal year ended 2021. All values are in thousands