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	$83		Accounts payable***	$832
Accounts receivable*	1,268		Accrued liabilities
Inventories**	1,656		(salaries and benefits)	606
Other current assets	24		Other current liabilities	298
Total current assets	$3,031		Total current liabilities	$1,736
Plant and equipment (net)	3,044		Long-term debt and other
Other assets	6,137		liabilities	2,830
Total assets	$6,137		Common stock	83
			Retained earnings	1,488
			Total stockholders equity	$1,571
			Total liabilities and equity	$6,137
*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	$13,985
Cost of sales	10,212
Selling, general, and administrative expenses	2,465
Other expenses	884
Total expenses	$13,561
Earnings before taxes	424
Taxes	170
Earnings after taxes (net income)	$254

Assume that there are 365 days per year.

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

   days

2. Determine Butler-Hurons cash conversion cycle assuming that 85 percent of annual sales are credit sales (that is, 15% represent cash sales). Round intermediate calculations and answer to one decimal place.

   days

3. Determine Butler-Hurons cash conversion cycle assuming that 60 percent of annual sales are credit sales. Round intermediate calculations and answer to one decimal place.

   days