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Part $1$

The Green Connection had sales of $ $31\mathrm{.}1$ million and a cost of goods sold of $ $12\mathrm{.}4$ million in $2022.$ A simplified balance sheet for the firm appears$$ here: LOADING....

a$.$ Calculate The Green Connection$\text{'}$s net working capital in $2022.$

b$.$ Calculate the cash conversion cycle of The Green Connection in $2022.$

c$.$ The industry average accounts receivable days is $30$ days. What would the cash conversion cycle for The Green Connection have been in $2022$ had it matched the industry average for accounts receivable$$ days?