A company has $20 million of inventory, $5 million of accounts receivable, and $4 million of accounts payable. Its annual sales revenue is $80 million, and its cost of goods sold is $60 million.

a) Calculate the companys cash conversion cycle

b) Comment on the companys cash conversion cycle and also make recommendation(s) .

c) Would your answer to (b) be different if the companys cash conversion cycle was negative? Why or why not?.