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Answer A-D please Cash conversion cycle. American Products is concerned about managing cash efficiently. On the average, inventories have an age of 75 days, and

Answer A-D please
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Cash conversion cycle. American Products is concerned about managing cash efficiently. On the average, inventories have an age of 75 days, and accounts receivable are ce Accounts payable are paid approximately 34 days after they arise. The firm has annual sales of about $34milion. Cost of goods sold are $22 million, and purcheses are $13mi. a. Calculate the firm's operating cycle. b. Calculate the firm's cosh comersion cycle. c. Calculate the amount of resources needed to support the firm's cash conversion cycle. d. Discuss how management might be able to reduce the cash conversion cycle. a. American Products' operating cycle, OC, is days. (Round to the nearest whole number.)

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