The Greek Connection had sales of $32 million in 2009, and a cost of goods sold of $20 million. A simplified balance sheet for the firm appears below (note that some item are not reported)

a. Calculate The Greek Connections net working capital in 2009. Net Working Capital is ______$ . (round to the nearest integer, in thousand dollar) b. Calculate the cash conversion cycle of The Greek Connection in 2009. The Cash Conversion Cycle is ______days. (round to full days, assume 365 days/year) c. The industry average days sales outstanding ratio is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2009 had it matched the industry average days sales outstanding? If Accounts Receivable Days were 30, the Cash Conversion Cycle would be _____days. (round to full days, assume 365 days/year)

THE GREEK CONNECTION Balance Sheet As of December 31, 2009 (thousands of dollars) Assets Liabilities and Equity $2000 $1400 Cash Accounts payable Accounts receivable $1000 $4050 Notes payable $1300 $1220 Inventory Accruals Net plant, property $3000 Long-term debt and equipment $8500