M@M Manufacturing turns over its inventory eight times each year, has an average payment period of 35 days, and has an average collection period of 60 days. The firms annual sales are $3.5 million. Assume there is no difference in the investment per dollar of sales in inventory, receivables, and payables and that there is a 365-day year.

a. Calculate the firms operating cycle and cash conversion cycle.

b. Calculate the firms daily cash operating expenditure. How much in resources must be invested to support its cash conversion cycle?

c. If the firm pays 14% for these resources, by how much would it increase its annual profits by favorably changing its current cash conversion cycle by 20 days?

-I hope you can answer all of the requirements