C Excel Online Structured Activity: Cash conversion cycle Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 sales (all on credit) were $174000; its cost of goods sold is 80% of sales; and it earned a net profit of 8%, or $13920. It turned over its inventory 5 times during the year, and its DSO was 30.5 days. The firm had fixed assets totaling $38000. Chastain's payables deferral period is 50 days. Assume 365 days in year for your calculations. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. A-Z Office