Click here to read the eBook: The Cash Conversion Cycle CASH CONVERSION CYCLE 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 saies (al on credit) were S223,000; its cost of goods sold is 80% of sales; and it earned a net profit of 3%, or S6 690. It turned over its inventory 7 times during the year, and its DSO was 30 days. The firm had fixed assets totaling $25,000. Chastain's payables deferral period is 40 days. Assume 365 days in year for your calculations. a. Calculate Chastain's cash conversion cycle. Round your answer to two decimal places. Do not round intermediate calculations. days b. Assuming Chastain holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA, Round your answers to two deoimal places. Do not round intermediate calculations. t ory turnover can be raised to 9 times What would d Chastain's cash conversion cycle, total assets turnover, and ROA believe that the inventory turnover can be raised to 9 times. w turnover had been 9 for 2016? Round your answers to c. Suppose Chastain's managers two decinsal placesoo not round intermediate calculate have been if the Cash conversion cycle Total assets turnover MacBook Pro 20 s 5