eBook 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 2019 sales (all on credit) were $113,000, its cost of goods sold is 80% of sales, and it earned a net profit of 6%, or $6,780. It turned over its inventory 6 times during the year, and its DSo was 32.5 days. The firm had fixed assets totaling $34,000. Chastain's payables deferral period is 35 days. Assume 365 days in yeam for your calculations. a. Calculate Chastain's cash conversion cycle. Do not round Intermediate calculations. Round your answer to two decimal places. days b. Assuming Chastain holds negligible amounts of cash and marketable securities, calculate its total assets tumover and ROA. Do not round Intermediate calculations. Round your answers to two decimal places. Total assets turnover: ROA: % c. Suppose Chastain's managers believe that the inventory turnover can be raised to 8.1 times. What would Chastain's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 8.1 for 20197 Do not round intermediate calculations. Round your answers to two decimal places. Cash conversion cyde: days Total assets turnover! ROA: Hide Feedback Incorrect