The Greek Connection had sales of

$ 30.2

million and a cost of goods sold of

$ 12.1

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

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?

Homework: Week7 Problem Set Score: 0 of 2 pts P26-4 (similar to) Save 2 of 12 (1 complete) Score: 5.33%, 1.33 of 25 pts Question Help THE GREEK CONNECTION Balance Sheet as of December 31, 2015 (thousands of dollars) Liabilities and Equity Assets Cash Accounts receivable Inventory Total current assets Net plant, property, and equipment Total assets $2,031 Accounts payable $1,659 1,000 1,220 879 $3,000 879 $8,453 15,332 3,527 Notes payable 1,274 Accruals 6,832 Total current liabilities $8,500 Long-term debt 15,332 Total liabilities Common equity Total liabilities and equity a. Calculate The Greek Connection's net working capital in 2015. The net working capital is $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer Clear All Check Answer remaining