Question 4-5 relate to the following table:

ABC Company

Sales Rev: $35,000,000

CoGS: $15,000,000

Inventory: $13,000,000

Inventory Turns: 1.15

Average Industry Inventory Turns: 2

Accounts Receivable: $8,000,000

Days Receivable: 83.43

Average Industry Days Receivable: 40

1. How much cash could ABC generate if it managed its inventory to industry standard levels?
2. How much cash could ABC generate if it managed its A/R to industry standards?