Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 32 days, and has an average collection poriod of 53 days. The firm has annual sales of $3.8 million and cost of goods sold of $2.2 milion. (Use a 365 -day year.) a. Caiculate the firm's operating cycle and cash conversion cycle. b. What is the dollar value of inventory held by the firm? c. if the firm coild reduce the average age of its irventory from 73 days to 63 days, by how much would it reduce its doliar investment in working capital? a. Camp's operating cycle, OC, is days. (Round to the nearest whole number)