1. The Greek Connection had sales of $36,000 million and a cost of goods sold of $20,000 million in 2019. A simplified balance sheet for the firm appears below:

THE GREEK CONNECTION
BALANCE SHEET as of December 31, 2019
(millions of dollars)
Assets		Liabilities and Equity
Cash	$2,160	Accounts payable	$1,620
Accounts receivable	4,500	Notes payable	1,080
Inventory	1,620	Accruals	1,440
Total current assets	$8,280	Total current liabilities	$4,140
Net plant, property, and equipment	$9,720	Long-term debt	$3,600
Total assets	$18,000	Total liabilities	$7,740
		Common equity	$10,260
		Total liabilities and equity	$18,000

a. Calculate The Greek Connection's net working capital in 2019. Answer: The Greek Connection's net working capital in 2019 is $ million. (Round to integer.) b. Calculate the cash conversion cycle of The Greek Connection in 2019. Answer: The Greek Connection's cash conversion cycle in 2019 is $ days. (Use a 365-day year. Round to two decimal places.) c. The industry average accounts receivable days is 40 days. What would have been the cash conversion cycle for The Greek Connection in 2019 had it met the industry average for accounts receivable days? Answer: The Greek Connection's cash conversion cycle in 2019 would have been $ days. (Use a 365-day year. Round to two decimal places.)