The simplified balance of the Greek Connection is shown below. It had sales and a cost of goods sold as shown in last rows of the Table.

THE GREEK CONNECTION
Balance Sheet
As of December 31, 2015
(thousands of dollars)
Assets			Liabilities and Equity
Cash	1800		Accounts payable	1500
Accounts receivable	3950		Notes payable	1000
Inventory	1300		Accruals	1220
Total current assets	7050		Total current liabilities	3720
Net plant, property			Long-term debt	2800
and equipment	8500		Total liabilities	6520
Total Assets	15550		Common equity	9030
			Total liabilities and equity	15550
Sales	32000
Cost of Goods Sold	18000

a. Calculate The Greek Connections net working capital in 2015.

Answer: the net working capital in 2015 is $. (round to full $, no decimals)

b. Calculate the cash conversion cycle of The Greek Connection in 2015. Assume 365 days/year for b. and c.

Answer: the cash conversion cycle is __ days. (round to one decimal)

c. The industry average days sales outstanding ratio is 18 days. What would the cash conversion cycle for The Greek Connection have been in 2015 had it matched the industry average days sales outstanding?

Answer: the cash conversion cycle would be __ days. (round to one decimal)