CASH CONVERSION CYCLE Parramore Corp has $11 million of sales, $3 million of inventories, $4 million of receivables and $3 million of payables s cost of good sold is 75%, of ales, and t finances working capital with bank loans at an 7% rate. Assume 365 days in year for your calculations. Do not round intermediate steps 1. What is Parramore's cash conversion cycle (CCC)? Do not round intermediate calculations. Round your answer to two decimal places. 132.73 days 2 f Par amore could lower its inventories and receivables by 11% each and increase its payables by 1196 with out affecting sales or cost of goods sold the new CCC? Do not round intermediate calculations. Round your answer to two decimal places. what would be 88.93 days 3. How much cash would be freed up if Parramore could o er its inventories and receivables 1 % each and increase its payales , a without affecting sa es or cost of goods sold? Do not round intermediate calculations. Round your answer to the nearest cent. Write out your answer completely. For Example, 13.2 million should be entered as 13,200,000. 4. By how much would pretax profits change if Parramore could lower its inventories and receivables by 11% each and increase its payables by 11%, all without affecting sales or cost of goods sold? Do not round intermediate calculations. Round your answer to the nearest cent. Write out your answer completely. For Example, 13.2 million should be entered as 13,200,000. 23,100