Homework: Chapter 14 Homework Save Score: 0 of 3 pts 3 of 10 (0 complete)v Hw Score: 096, 0 of 20 pts b Question Help P14-2 (similar to) Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 34 days, and has an average collection period of 68 days. The firm has annual sales of $4.0 million and cost of goods sold of $2.3 million. (Use a 365-day year.) a. Calculate the firm's operating cycle and cash conversion cycle. b. What is the dollar value of inventory held by the firm? c. If the fim could reduce the average age of its inventory from 73 days to 63 days, by how much would it reduce its dollar investment in working capital? a. Camps operating cycle, , isDays. (Rourd to the nearest whole number.) Enter your answer in the answer box and then dick Oeck Answer Clear Al Copyright 2018 Parson Educatian