Enigma Inc. is concerned about its cash management. On average, the day's sales in inventory is 75 days. Accounts Receivable are collected in 90 days, while accounts payable are paid in 45 days. The company has annual sales of $3,000,000, Cost of Goods Sold of $4,500,000 and Purchases of $8,000,000. (Use a 360-day year).

1. What is the company's operating cycle? 2. What is the company' s cash conversion cycle? 3. What is the amount of resources needed to support the company's cash onversion cycle?