The Indian Connection had sales of $232$ million in $2012,$ and a cost of goods sold of $200)$ A simplified balance sheet for the firm appears below:

THE INDIAN CONNECTION

Balance Sheet

As of Decamber $31,2012$

$($in $$ thousand$)$

$($a$)$ Calculate The Indian Connection's net working capial in $2012$

$($b$)$ Calculate the cash conversion cycle of The Indian Connection in $2012$

$($c$)$ The industry average accounts recervable days is $30$ days. What would the cash conversiog cycle for The Indian Connection have been in $2012$ had it matched the industry average fot accounts reccivable days?