Parramore Corp has $$19$ million of sales, $$3$ million of inventories,

$$3\mathrm{.}75$ million of receivables, and $$1$ million of payables. Its cost of

goods sold is $70\%$ of sales, and it finances working capital with

bank loans at a $9\%$ rate. Assume $365$ days in year for your

calculations.

What is Parramore's cash conversion cycle $($CCC$)?$ Do not round

intermediate calculations. Round your answer to two decimal

places.

days

If Parramore could lower its inventories and receivables by $11\%$

each and increase its payables by $11\%,$ all without affecting

sales or cost of goods sold, what would be the new CCC$?$ Do not

round intermediate calculations. Round your answer to two

decimal places.

days

How much cash would be freed up$,$ if Parramore could lower its

inventories and receivables by $11\%$ each and increase its

payables by $11\%,$ all without affecting sales or cost of goods

sold? Write out your answer completely. For Example, $13\mathrm{.}2$

million should be entered as $13,200,000.$ Do not round

intermediate calculations. Round your answer to the nearest

dollar.

$

By how much would pretax profits change, if Parramore could

lower its inventories and receivables by $11\%$ each and increase

its payables by $11\%,$ all without affecting sales or cost of goods

sold? Write out your answer completely. For Example, $13\mathrm{.}2$

million should be entered as $13,200,000.$ Do not round

intermediate calculations. Round your answer to the nearest

dollar.