Cash conversion cyele American Products is concemod about managing cash efficionty, On the average, invertories hove an ago of 76 doys, and accounts recoivabie are collocled in 30 days Accounts payable are paid approwimately 28 days aller they ariso. The fem has annual sales of about $31million. Cost of goods sold are $18m milion, and purchases are $15 million. a. Calculate the firm's aperising cycle b. Calculate the firm's cash conversian cycle. c. Calculate the amount of resourcos neoded to sipport the firmis cash conversion cycle. d. Discuss how management might be able to rodoce the cash conversion cyde. a. American Products' operating oyclo, OC, is days. (Round to the neareat whole number)