be as specinc as needed. 4) As a board member of Bronson Inc., your SVP-Accounting has recently presented the details of a five-year study of the firm's 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). ICP ACP PDP CCC AVE 2015 48 34 42 40 59 51 2014 39 30 60 58 31 25 53 2013 2012 41 38 53 19 5 58 62 56 21 51 -4 2011 31 What are your questions, compliments, concerns, and recommendations