Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding $($DSO$)$ on its cash conversion cycle. Chastain's $2016$ sales $($all on credit$)$ were $$179000$; its cost of goods sold is $80\%$ of sales; and it earned a net profit of $6\%,$ or $$10740.$ It turned over its inventory $7$ times during the year, and its DSO was $33$ days. The firm had fixed assets totaling $$47000.$ Chastain's payables deferral period is $50$ days. Assume $365$ days in year for your calculations. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.