As a board member of Bronson Inc., your SVP-Accounting has recently presented the details of a five-year study of the firms cash conversion cycle, ironically, the period of time the SVP has been in charge. The executive summary spreadsheet outlines the following (where ICP = inventory conversion period, ACP = average collection period, PDP = payables deferral period, and AVE = industry average).

Column1	ICP	ACP	PDP	CCC	AVE
2015	48	34	42	40	59
2014	51	39	30	60	58
2013	41	31	53	19	53
2012	38	25	58	5	62
2011	31	21	56	-4	51

What are your questions, compliments, concerns, and recommendations?