The Greek Connection had sales of $28.9 million and a cost of goods sold of $11.6 million in 2018. A simplified balance sheet for the firm appears below:

THE GREEK CONNECTION

Balance Sheet as of December 31,

2018 (thousands of dollars)

Assets			Liabilities and Equity
Cash	$ 1,694		Accounts payable	$ 1,580
Accounts receivable	4,297		Notes payable	1,000
Inventory	1,234		Accruals	1,220
Total current assets	$ 7,225		Total current liabilities	$ 3,800
Net plant, property, and equipment	$ 8,500		Long-term debt	$ 3,000
Total assets	$ 15,725		Total liabilities	$ 6,800
			Common equity	$ 8,925
			Total liabilities and equity	$ 15,725

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 the cash conversion cycle for The Greek Connection have been in 2018 had it matched the industry average for accounts receivable days?