For the period Q193 thru Q496, Dells Cash Conversion Cycle declined from 48 to 40. What was the impact on working capital requirements (in dollars) of this reduction of CCC?

Exhibit 5 Balance Sheets for Dell Computer Corporation (millions of dollars). January 28, 1996 Year Ended January 29, 1995 January 30, 1994 3 334 411 220 Current Assets: Cash Short Term Investments Accounts Receivables, net Inventories Other Total Current Assets Property, Plant & Equipment, net Other Total Assets 55 591 726 429 156 1,957 179 12 2,148 43 484 538 293 112 1,470 117 7 1,594 80 1,048 87 5 1,140 466 473 939 113 123 1,175 Current Liabilities: Accounts Payable Accrued and Other Liabilities Total Current Liabilities Long Term Debt Other Liabilities Total Liabilities Stockholders' Equity: Preferred Stocka Common Stocka Retained Earnings Other Total Stockholders' Equity 403 349 752 113 77 942 NA NA 538 100 31 669 6 430 570 (33) 973 2,148 120 242 311 (21) 652 1,594 NA NA NA NA 471 1,140 Source: Dell Computer Corporation Fiscal 1994-1996 Annual Reports. Exhibit 2 Working Capital Financial Ratios for Dell. DSI DSOL 40 DPOC 46 cccd 48 54 55 40 51 52 54 51 53 56 58 53 43 53 Q193 Q293 Q393 Q493 Q194 Q294 Q394 Q494 Q195 Q295 Q395 Q495 Q196 Q296 Q396 Q496 48 56 57 51 41 41 40 40 50 44 47 55 55 41 33 33 32 35 35 32 34 36 37 31 53 49 50 45 42 45 44 46 44 42 43 43 39 47 47 50 49 42 35 39 43 43 40