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srramore Corp has $14 million of sales, $3 milion of teventeries, $4 million of receivobles, and $2.25 million of payables. Its cost of goods sold
srramore Corp has $14 million of sales, $3 milion of teventeries, $4 million of receivobles, and $2.25 million of payables. Its cost of goods sold is 70% of sales, and is finances rotking capital with bank laans at a 7% rate. Aspume 365 days in year for your coleulations. 1. What is Parramore's cash conversion cycle (CCC)? Do not round intermediate calculations. Round your answer to two decimal places. days 2. If Parramore could lawer its inyentories and recelvables by 12% each and increase ns noyables by 12%, all without affecting sales or cost of goeds sale, what would be the new ceCz Do not round infermiediote calculations. Round your answer to fwo decimal places. days 3. How much cash would be freed up, if Parramore could lower its inventories and recevabies by 12% each and increase its payables by 120%, all without affecting saies or cost of goods sold? Write out your answer completely. For Example, 13.2 million should te entered as 13,200,000, Do not round intermediate calculatiens. Pound your anwwer to the nearest dolith sales or cost of goods pold? Write out your answer completely. For Example, 13.2 million should be entered as 13,200,000. Do noe round intermediate calculations. Round your answer ta the neerest doliar
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