approximately 28 days after they arise. The firm has annual sales of about $31 million. Cost of goods sold are $22 million, and purchases are $13 million. a. Calculate the firm's operating cycle. b. Calculate the firm's cash conversion 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,i days. (Round to the nearest whole number.) b. American Products' cash conversion cycle, CCC, is days. (Round to the nearest whole number.) c. The amount of resources that must be invested to support American Products' CCC is $ (Round to the nearest dollar.) d. How would management be able to reduce the cash conversion cycle? (Choose all that apply.) A. Increase the average payment period (APP). B. Reduce the average age of inventory (AAI). C. Reduce the average collection period (ACP). D. Increase the annual sales. E. Reduce the daily cash operating expenditure