Homework: Chapter 15 Save 16 Score: 0 of 1 pt 2 of 4 (2 complete) HW Score: 50% 2 of 4 pts P15-1 (similar to) Question Help Cash conversion cycle American Products is concerned about managing cash efficiently on the average, inventories have an age of 81 days, and accounts receivable are collected in 31 days. Accounts payable are paid approximately 27 days after they ariseThe firm has annual sales of about 534 million Cost of goods sold are 521 millionand purchases are 515 million a. Calculate the firm's operating cycle b. Calculate the firm's cash conversion cyclo c. Calculate the amount of resources needed to support the firm's cash conversion cycle d. Discuss how management might be able to reduce the cash conversion cycle a. American Products' operating cycle, OC is days (Round to the nearest whole number)