8. (6 points) Dog Heaven % produces a variety of pet foods and other specialty items for domesticated animals. Costs of Goods sold for the year was $30 million. The average inventory was $5 million. Receivables were about $3 million, while yearly sales were $40 million. Payables and Accruals averaged $2 million. (1) Determine the Cash Conversion Cycle. (2) As a financial manager, do you want a short or long cycle? Explain