Marshall Inc. had sales (all on credit) of $4,250,000 last year, and its net profit margin was 8%. Its inventory turnover was 10.0 times during the year, and its DSO was 45 days. Its annual cost of goods sold was $2,100,000. The firm had fixed assets totaling $585,000. The company's payables deferral period was 42 days. Assume 365 days a year. 1. Calculate the cash conversion cycle of the company. 2. Assuming the company holds negligible amounts of cash and marketable securities, calculate its ROA