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 Cash 1800 Accounts receivable 3950 Inventory 1300 Total current assets 7050 Liabilities and Equity Accounts payable 1500 Notes payable 1000 Accruals 1220 Total current 3720 liabilities Net plant, property and equipment Total Assets 8500 15550 Long-term debt Total liabilities Common equity Total liabilities and equity 2800 6520 9030 15550 Sales 32000 Cost of Goods Sold 18000 a. Calculate The Greek Connection's 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)