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The Greek Connection had sales of $28.8 million and a cost of goods sold of $11.5 million in 2018 . A simplified balance sheet for

image text in transcribed The Greek Connection had sales of $28.8 million and a cost of goods sold of $11.5 million in 2018 . A simplified balance sheet for the firm appears below: a. Calculate The Greek Connection's net working capital in 2018. b. Calculate the cash conversion cycle of The Greek Connection in 2018. c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The Greek Connection in 2018 had it met the industry average for accounts receivable days? (Hint: Use a 365-day year.) (Click on the following icon in order to copy the contents of the table below into a spreadsheet.)

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