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4. The balance sheet and income statement for Barboursville Bottle Company (BBC) as of December 31, 2xx 1, are shown below. 55.000 30,000 10,000 5,000

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4. The balance sheet and income statement for Barboursville Bottle Company (BBC) as of December 31, 2xx 1, are shown below. 55.000 30,000 10,000 5,000 45,000 20,000 500 89.500 155,000 BBC Corporation ($) Cash 5,000 Accounts Payable Accounts Receivable 25,000 Accruals Inventory 25,000 Notes Payable Current Assets Current Liabilities Long-Term Debt Net Fixed Assets 100,000 Common Stock Retained Earnings Total Assets 155,000 Total Liabilities & Owners' BBC Income Statement ($) Sales (all credit) $500,000 - Cost of Goods Sold 300,000 Gross Profit 200,000 - Selling, General & Administrative Expense 2,500 - Depreciation Expense 25,000 Earnings Before Interest & Taxes 172,500 - Interest 2.500 Earnings Before Taxes 170,000 - Taxes 68,000 Net Income $102,00 Calculate the cash conversion cycle for BBC and determine the amount of funding that is necessary to support operations. Use a 360 day year in all calculations

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