investment per dollar of sales in inventory, receivables, and payables; and a 365-day year. a. Calculate the firm's cash conversion cycle, its daily cash operating expenditure, and the amount of resources needed to support its cash conversion cycle. b. Find the firm's cash conversion cycle and resource investment requirement if it makes the following changes simultaneously. (1) Shortens the average age of inventory by 4 days. (2) Speeds the collection of accounts receivable by an average of 11 days. (3) Extends the average payment period by 8 days c. If the firm pays 17% for its resource investment, by how much, if anything, could it increase its annual profit as a result of the changes in part b? d. If the annual cost of achieving the profit in part c is $36,000, what action would you recommend to the firm? Why? a. The firm's cash conversion cycle, CCC, is 67 days. (Round to the nearest whole day.) The firm's daily cash operating expenditure is $9,315. (Round to the nearest dollar.) The amount of resources needed to support the firm's cash conversion cycle is $. (Round to the nearest dollar.) investment per dollar of sales in inventory, receivables, and payables; and a 365-day year. a. Calculate the firm's cash conversion cycle, its daily cash operating expenditure, and the amount of resources needed to support its cash conversion cycle. b. Find the firm's cash conversion cycle and resource investment requirement if it makes the following changes simultaneously. (1) Shortens the average age of inventory by 4 days. (2) Speeds the collection of accounts receivable by an average of 11 days. (3) Extends the average payment period by 8 days c. If the firm pays 17% for its resource investment, by how much, if anything, could it increase its annual profit as a result of the changes in part b? d. If the annual cost of achieving the profit in part c is $36,000, what action would you recommend to the firm? Why? a. The firm's cash conversion cycle, CCC, is 67 days. (Round to the nearest whole day.) The firm's daily cash operating expenditure is $9,315. (Round to the nearest dollar.) The amount of resources needed to support the firm's cash conversion cycle is $. (Round to the nearest dollar.)