CASH CONVRSTON CYCI Parramore Corp has S12 milian of sales, S3 million of inventories, $3 million of receivables, and S3 million of payables. Its cost of goods sold is 65% of sales, and it finances working capital with bank loans at an 9% rate. Assume 365 days in year for your calculations, Do nct round intermediate steps, 1. What is Parramore's cash conversion cycle (coc)? Do not round intermediate calculations. Round your answer to two deaimal places days 2. If Parramore could lowerits inventones and receivables by 8% each and increase its payables by 8%, all without affecting sales or cost of goods sold, what would be the new CCC? Do not round intermediate calculations. Round your answer to two decimal places days 3. How much cash would be freed up, if Parramore could wer s inventories and eceivables by 8% each and increase its payables by 8%, all without affecting sales or cost of o ds sold? Do not dime meda e cao ons. Round your answer to the nearest cent. Write out your answer completely. For Example, 13.2 million shauld he entered as 13,200,000 4. By how much would pretax profits change i Par amore could Ower its inventories and eceiva es by 8% each and ncrease its payables y a a n tnout aff c in sa ser cost of goods sold no round intermediate a cui ations. Round your answer to the nearest cent. Write out your answer completely. For Example, 13.2 million should be entered as 13,200,000