QUESTION 4 Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firm's cash conversion cycle. Use the following information and a 365-day year Average Inventory Annual sales Annual cost of goods sold Average accounts receivable Average accounts payable = 58,192 600,000 360,000 159,452 24,658 Calculate and fill in the following numbers. Round every answer to a whole number (e.g. 48.8 - 49 and 48.1 - 48) Enter only numbers. Inventory Conversion Period days is Days sales outstanding is The payable deferral period is Cash conversion cycle is QUESTIONS Which of the following actions would be likely to shorten the cash conversion cycle? Change the credit terms offered to customers from 1/10 net 50 to 3/10 net 30. Begin to take cash discounts on inventory purchases, the terms are 2/10 net 30. Adopt a new manufacturing process that saves some labor costs but slows down the conversion of raw materials to finished goods from 10 days to 20 days Change the credit terms offered to customers from 2/10 net 30 to 1/10 net 60. Adopt a new manufacturing process that speeds up the conversion of raw materials to finished goods from 10 days to 20 days