The Butler-Huron Companys balance sheet and income statement for last year are as follows:

Balance Sheet (in Millions of Dollars)
Assets			Liabilities and Equity
Cash and marketable securities	$98		Accounts payable***	$929
Accounts receivable*	821		Accrued liabilities
Inventories**	1,505		(salaries and benefits)	365
Other current assets	54		Other current liabilities	278
Total current assets	$2,478		Total current liabilities	$1,572
Plant and equipment (net)	3,636		Long-term debt and other
Other assets	6,149		liabilities	2,654
Total assets	$6,149		Common stock	75
			Retained earnings	1,848
			Total stockholders equity	$1,923
			Total liabilities and equity	$6,149
*Assume that all sales are credit sales and that average accounts receivable are the same
as ending accounts receivable.
**Assume that average inventory over the year was the same as ending inventory.
***Assume that average accounts payable are the same as ending accounts payable.

Income Statement (in Millions of Dollars)
Net sales	$14,187
Cost of sales	10,869
Selling, general, and administrative expenses	1,881
Other expenses	870
Total expenses	$13,620
Earnings before taxes	567
Taxes	227
Earnings after taxes (net income)	$340

Assume that there are 365 days per year.

Determine Butler-Hurons cash conversion cycle. Round intermediate calculations and answer to one decimal place.

days

Determine Butler-Hurons cash conversion cycle assuming that 75 percent of annual sales are credit sales (that is, 25% represent cash sales). Round intermediate calculations and answer to one decimal place.

days

Determine Butler-Hurons cash conversion cycle assuming that 45 percent of annual sales are credit sales. Round intermediate calculations and answer to one decimal place.

days