Cash conversion cycle American Products is concemed about managing cash efficiently. On the average, inventories have an age of 75 days and accounts receivable are collected in 48 days. Accounts payable are paid approximately 28 days after they arise. The firm has annual sales of about 531 million Cost of goods sold are 519 million and purchases are $15 milion 1. Calculate the firm's operating cycle b. Calculate the firm's cash conversion cycle c. Calculate the amount of resources needed to support the firm's cash conversion cycle d. Dincum how management might be able to reduce the cash conversion cycle a. Anican Products operating cycle, OC, 18 days. (Round to the nearest whole number) 1. American Products cash conversion cycle coc i daya Round to the nearest whole number) c. The amount of resources that must be invested to support American Products Cocos (Round to the newest dolar) 4. How would management be able to reduce the cash conversion cycle? (Choose all that apply) DA Increase the annual sales D. Reduce the daily cash operating expenditure DC Increase verge payment period (APP) BD. Reduce the average collection period (ACP) DE. Reduce the wage age of inventory (AAN