(6A) The D.J. Masson Corporation needs to raise $500,000 for 1 year to supply working capital to a new store. Masson buys from its suppliers on terms of 2/10, net 70 , and it currently pays on the 10 th day and takes discounts. However, it could forgo the discounts, pay on the 70th day, and thereby obtain the needed $500,000 in the form of costly trade credit. What is the effective annual interest rate of this trade credit? Assume a 365-day year. Do not round intermediate calculations. Round your answer to two decimal places. % (6B) Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $3,080,000 (all on credit), and its net profit margin was 8%. Its inventory turnover was 6.0 times during the year, and its DSO was 35 days. Its annual cost of goods sold was $1,800,000. The firm had fixed assets totaling $555,000. Strickler's payables deferral period is 39 days. Assume a 365 -day year. Do not round intermediate calculations. a. Calculate Strickler's cash conversion cycle. Round your answer to two decimal places. days b. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Round your answers to two decimal places. Total assets turnover: ROA: % without affecting sale or profit margins. What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 8 for the year? Round your answers to two decimal places. Cash conversion cycle: days Total assets tumover: ROA: %