CASE 3 (25 points) Delphius Corporation has the following data, in thousands. Assume a 365-day year. Annual sales = Annual cost of goods sold = Average Inventory = Average Accounts receivable = Average Accounts payable = Benchmark Cash Cycle (industry average) 45,000 31,500 4,000 2,000 2,400 52 days Instructions: 1. Calculate the following: a.Inventory period (3 points) b.Receivables period (3 points) c. Payables period (3 points) d.Operating cycle (3 points) e.Cash cycle (3 points) 2. Answer the following: a.How does the firm's cash cycle compare to its competitors? Is the firm performing better or worse than its competitors? (3 points) b.Explain some of the collection and disbursement techniques used by the companies to manage cash. (7 points)