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Kindly assist 3. Dakar's has $15 million of Sales, $3,000,000 of Inventories, $3,000,000 of Receivables, and $1 million of Payables. Its Cost of goods sold

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Kindly assist

3. Dakar's has $15 million of Sales, $3,000,000 of Inventories, $3,000,000 of Receivables, and $1 million of Payables. Its Cost of goods sold is 75% of Sales, and its working capital with the bank at a 10% rate. a. What is the Dakar's Cash Conversion Cycle (CCC)? [10 Marks] b. Dakar's could lower its inventories and receivables by 10 percent each and increase its payables by 12 percent, all without affecting either sales or cost of goods sold. What would be the new CCC? [10 Marks]

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