this is regarding cash conversion cycles! please help!

fash management is a very important function of managers. Companies need to manage their operations in a way that they can sustain growth and yet not run out of cash. Consider the case of the Red Hamster Manufacturing Corporation: Red Hamster Manufacturing Corporation has forecasted sales of $24,000,000 for next year and expects its cost of goods sold (COGS) to remain at 60% of sales. Currently, the firm holds $2,900,000 in inventories, $2,300,000 in accounts recelvable, and $2,800,000 in accounts payable. Approximately how long does it take Red Hamster Manufacturing to convert its raw materials to its finished products and then to sell those goods? (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) 80.66 days 73.51 days 51.46 days 7719 days On average/ititakes from the time a sale is made unei the time cash is collected from customers. Red Hamster Manifactuing relies on customer crealt when it buys raw materials from its sypoliers, on average, it takes in jenera. fims preter ccc. What is the length of Red Hamger Manidacturing's cash conversion cycle (ccc)? A5.02 davs 37.52 davs 31.69 days 46.90 days The management at Red Hamster Manufacturing wants to continue its internal discussions regarding its cash management. One of the finance team members presents the following case to her cohorts: Case in Discussion Black Sheep Broadcasting Compamy's management plans to finance ics operations with bank loans that will be repaid as soon as cash is available. The company's managenvent expects that it will take 60 days to manufacture and sell its products and 50 days to receive payment from its customers. Black sheep Braadcasting Comparry's CFo has told the rest of the management team that they should expect the lerioth of the bank loans to be approximately 110 days. Which of the falioning responses to the cross statement is most accurate? The CFo's aproximation of the Length of the bank loans theulf be accurste. because it will take 110 days for the company to manufacture. selt, and collect cash for ite poods. All these thinos must occur for the comeany to be able to repay its loans from the bank. The cro is not taking inte account the amount of time the company has to per ies auppleen. Generally, there is a certaln lenoth of time betweet the purchase of materiats and labor and the pavment of cash for them. The cro can reduce the estimated lengeth of the bank loan by this a anovet of times 1s it posible for a fien to have a negative cCC Yes