1. Gruppa Ltd has net sales of $10.7 million and 75 percent of these are credit sales. Its costs of sales is 65 percent of annual sales. The inventory balance at the company is $1,707,161, while its account payable balance is $2,457,447. Account receivable balance is 1,038,130

1. Calculate operating cycle and cash conversion cycle
2. Comment on Gruppas working capital efficiency
3. Demonstrate the cash conversion cycle and operating cycle on the timeline. Please clearly indicate the DSO, DSI and DPO.