Please refer to the financial statements for Roxbury Corporation. Estimate the length of Roxbury's cash conversion cycle in 2017. INCOME STATEMENT Net sales Cost of goods sold GS&A expense EBIT Interest expense Earnings before tax Tax Net income Roxbury Corporation 2016 and 2017, ($ millions) 2016 $47,616 40,718 6,171 727 215 $ 2017 $52,378 Cash & securities 44,790 Accounts receivable 6,788 Inventories 800 Net fixed assets 255 Total assets 545 Bank loan 164 382 512 154 358 $ BALANCE SHEET Accounts payable Long-term debt Total liabilities Common stock Retained earnings Total equity Total liabilities & equity $ 2016 2017 951 $ 1,046 6,666 5,236 2,048 $14,901 7,333 5,760 2,253 $16,392 $ 392 $ 547 7,419 8,161 2,148 2,551 9,959 1,293 3,649 4,942 5,133 $14,901 $16,392 11,259 1,293 3,840