The Greek Connection had sales of $$30\mathrm{.}7$ million and a cost of goods sold of $$12\mathrm{.}3$ 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.$)$

THE GREEK CONNECTION

BALANCE SHEET as of December$31,2018$

$($thousands of$$ dollars$)$

Assets

Liabilities and Equity

Cash

$$$$1,843$

Accounts payable

$$$$1,376$

Accounts receivable

$3,714$

Notes payable

$1,000$

Inventory

$1,376$

Accruals

$1,220$

Total current assets

$$$$6,933$

Total current liabilities

$$$$3,596$

Net$$ plant, property, and equipment

$$$$8,500$

$$Long$-$term debt

$$$$3,000$

Total assets

$$$$15,433$

Total liabilities

$$$$6,596$

Common equity

$$$$8,837$

Total liabilities and equity

$$$$15,433$

Question content area bottom

Part $1$

a$.$ Calculate The Greek$$ Connection's net working capital in $2018.$

The net working capital is $$$enter your response here thousand.$($Round to the nearest$$ integer.$)$

Part $2$

b$.$ Calculate the cash conversion cycle of The Greek Connection in $2018.$

The cash conversion cycle is enter your response here days. $($Round to one decimal$$ place.$)$

Part $3$

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?

Had they met the industry average accounts receivable days of $30$ days, the CCC would have been enter your response here days.$($Round to one decimal$$ place.$)$