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The Greek Connection had sales of $30.8 million and a cost of goods sold of $12.3 million in 2018. A simplified balance sheet for the

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The Greek Connection had sales of $30.8 million and a cost of goods sold of $12.3 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 s. The industry average accounts receivable days in 30 days. What would have been the cash conversion cycle for The Greek Connection in 2018 had it met the industry average for accounts recolvable daya? (Hint: Use a 365-dury year) (Click on the following icon In order to copy the contents of the tnble below into a spreadsheet.) THE GREEK CONNECTION BALANCE SHEET as of December 31, 2018 (tousands of dollars) Assets Llabilities and Equity Cash $2,436 Accounts payable $1.701 Accounts receivable 3,483 Notes payable 1,000 Inventory 1,287 Accruals 1,220 Total current assets $7,206 Total current liabilities $3,921 Net plant, property, and equipment $8.500 Long-term debt $3,000 Total assets $15.706 Total abilities $6,921 Common equity $8,785 Total abilities and equity $15,706 The net working capital is $ 3285 thousand (Round to the nearest Integer) b. Calculate the cash conversion cycle of The Greek Connection in 2018 The cash conversion cycle is days (Round to one decimal place)

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