Mapera Corporation purchases merchandise on a 20-day term. Goods are sold, on the average, 15 days after they are received. The average age of accounts receivable is 45 days. Mapera pays its payable on due date.

Required:

a. How long is the company's normal operating cycle?

b. How long is the company's cash conversion cycle?

c. What is the number of cash conversion cycles in one year (360 days)?