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Excel Online Structured Activity; Ceah conversion cycle Chastain Corporation is trying to determine the effect of its inventory turnover rotio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 Sales (oll on credit) were $182000; its cost of goods sold is 80% of sales; and it earned a net profit of 6% or $10920. it turned over its irventory 4 times during the year, and its DSO was 33 days. The frm had fixed assets totaling $26000. Chastain's payables deferrat period is 35 days. Assume 365 days hi year for your calculations. The data has been coliected in the Microsoft Excet Oniline file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet a. Calculate Chastalns cash converaion cycle. Aound your answer to two decimat places. Do not round intermediate calculations. days b. Assuming Chastain holds negligible amounts of cash and marketable secunties, calculate its total assets turnover and RoA. Round your answers to twe decimal places. Do not round intermediate calculations. Total assets tumover ROA c. Suppose Chastain's managers believe that the inventory turnover can be raised to 9.3 times. What would Chastain's cash conversion cycle, total assets c. Suppose Chastain's managers believe that the inventory turnover can be taised to 9.3 times. What would Chastain's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9.3 for 2016 . Round your answers to two decimal places. Do not round intermediate calculations