Cash conversion cyclePrimrose Corp has $$13$ million of sales, $$1$ million of inventories, $$4$ million of receivables, and $$3$ million of payables. Its cost of goods sold is $75\%$ of sales, and it finances working capital with bank loans at an $7\%$ rate. Assume $365$ days in year for your calculations. Do not round intermediate steps.What is Primrose's cash conversion cycle $($CCC$)?$ Round your answer to two decimal places. daysIf Primrose could lower its inventories and receivables by $7\%$ each and increase its payables by $7\%,$ all without affecting sales or cost of goods sold, what would be the new CCC$?$ Round your answer to two decimal places. daysHow much cash would be freed$-$up$?$ Round your answer to the nearest cent.$ By how much would pre$-$tax profits change? Round your answer to the nearest cent.$ $17-4$: The Cash Conversion Cycle

Cash conversion cycle loans at an $7\%$ rate. Assume $365$ days in year for your calculations. Do not round intermediate steps.

What is Primrose's cash conversion cycle $($CCC$)?$ Round your answer to two decimal places. days answer to two decimal places.

days

How much cash would be freed$-$up$?$ Round your answer to the nearest cent.

$

By how much would pre$-$tax profits change? Round your answer to the nearest cent.

$