Balance Sheet
As of December 31, 2009
(thousands of dollars)
Assets			Liabilities and Equity
Cash	$2,000		Accounts payable	$1,500
Accounts receivable	$3,950		Notes payable	$1,000
Inventory	$1,300		Accruals	$1,220
Total current assets	$7,250		Total current liabilities	$3,720
Net plant, property			Long-term debt	$3,000
and equipment	$8,500		Total liabilities	$6,720
Total Assets	$15,750		Common equity	$9,030
			Total liabilities and equity	$15,750

a. Calculate The Greek Connections net working capital in 2009. Net Working Capital is $ . (round to the nearest integer, in thousand dollar) b. Calculate the cash conversion cycle of The Greek Connection in 2009. The Cash Conversion Cycle is days. (round to one decimal, assume 365 days/year) c. The industry average days sales outstanding ratio is 28 days. What would the cash conversion cycle for The Greek Connection have been in 2009 had it matched the industry average days sales outstanding? If Accounts Receivable Days were 28, the Cash Conversion Cycle would be days. (round to one decimal, assume 365 days/year)