THE GREEK CONNECTION

Balance Sheet as of December 31, 2015 (thousands of dollars)

Assets:

Cash $1,947

Accounts receivable $ 4,207

Inventory $1,110

Total current assets $7,264

Net plant, property, and equipment $8,500

Total asset $15,764

Liabilities and Equity

Accounts payable $1,404

Notes payable $1,000

Accruals $1,220

Total current liabilities $3,364

Long-term debt $3,000

Total liabilities $6,624

Common equity $9,140

Total liabilities and equity $15,764

a. Calculate The Greek Connection's net working capital in 2015. The net working capital is $

b. Calculate the cash conversion cycle of The Greek Connection in 2015.

c. The industry average accounts receivable days is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2015 had it matched the industry average for accounts receivable days? (Round to the nearest dollar.)