Book Problem Walk-Through Parramore Corp has 518 million of sales, $1 million of inventories, $3.75 million of receivables, and $1 million of payables. Its cost of goods sold is 80% of sales, and it finances working capital with bank loans at a 9% rate. Assume 365 days in year for your calculations. 1. What is Perramore's cash conversion cyde (CCC)? Do not round Intermediate calculations. Round your answer to two decimal places. days 2. Parramore could lower its inventories and receivables by 12% each and increase its payables by 12%, all without affecting sales or cost of goods sold, what would be the new CCC? Do not round intermediate calculations. Round your answer to two decimal places. days 3. How much cash would be freed up, Paramore could lower its inventories and receivables by 12% each and increase its payables by 12%, all without affecting sales of cost of goods sold? Write out your answer completely. For Example, 13.2 million should be entered as 15,200,000. Do not round intermediate calculation Round your answer to the nearest dollar 5 4. hy how much would pretax pronts change, Paramore could lower its inventories and receivables by 12 each and increase its payable by 12 without affecting sales or cost of goods sold write out your answer completely. For example, 13.2 million should be entered a 13.300,000. Do not round were calcation on your answer to the nearest dolan