The T-Shirt Connection had sales of $32.1 million and a cost of goods sold of $12.8 million in 2022. A simplified balance sheet for the firm appears here: LOADING... . a. Calculate The T-Shirt Connection's net working capital in 2022. b. Calculate the cash conversion cycle of The T-Shirt Connection in 2022. c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The T-Shirt Connection in 2022 had it met the industry average for accounts receivable days? (Hint: Use a 365-day year.) Question content area bottom Part 1 a. Calculate