The Greek Connection had sales of $32.4 million and a cost of goods sold of $13.0 million in 2015. A simplified balance sheet for the firm appears below:

THE GREEK CONNECTION

Balance Sheet as of December 31, 2015 (thousands of dollars)

Assets			Liabilities and Equity
Cash	$2,037		Accounts payable	$1,674
Accounts receivable	4,395		Notes payable	1,000
Inventory	1,503		Accruals	1,220
Total current assets	$7,935		Total current liabilities	$3,894
Net plant, property, and equipment	$8,500		Long-term debt	$3,000
Total assets	$16,435		Total liabilities	$6,894
			Common equity	$9,541
			Total liabilities and equity	$16,435

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?