MBA 605 - Chapter 26-Working Capital Management Class Activities # 05 Name: Naifah Dafer 10: 201828005 2. 01: The Greek Connec on had sales of $32 million and a cost of goods sold of $12.8 million in 2015. A simplified balance sheet for the firm appears below: THE GREEK CONNECTION Balance Sheet As of December 31, 2015 (in S thousand) Assets Liabilities and Equity Cash $ 1,954 Accounts payable $ 1.300 Accounts receivable 4.414 Notes payable 1.000 Inventory 1.414 Accruals 1.220 Total current assets $ 7,782 Total current libre $ 3.520 Long-term debt S 3.000 Total liabilities S 6.520 Net plant, property. $ 8.500 $ Common equiry and equipment 9.762 $ 16,282 Total assets Total liabilities and equiry $ 16,282 Calculate The Greek Connection's net working capital in 2015. Calculate the cash conversion cycle of The Greek Connec on in 2015. c. The Industry average accounts receivable days Is 30 days. What would the cash conversion cycle for The Greek Connec on have been in 2015 had it matched the Industry average for accounts receivable days? a. b. t o Net Working Capital - Carrent Assets Current Liabi s 7782-3520 74.262 262,40,32