• Primrose Corp has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. The cost of goods sold is 75% of sales. What is Primroses cash conversion cycle (CCC)? Use a 365-day year.
• If Primrose could lower its inventories and receivables by 12% each and increase its payables by 12%, all without affecting either sales or cost of goods sold, what would the new CCC be? Use a 365-day year.