The Greek Connection had sales of $30.1 million and a cost of goods sold of $12.0 million in 2013. A simplified balance sheet for the firm appears below: a. Calculate The Greek Connection's net working capital in 2013. b. Calculate the cash conversion cycle of The Greek Connection in 2013. c. The industry average accounts receivable days 30 days. What would have been the cash conversion cycle for The Greek Connection in 2013 had it met the industry average for accounts receivable days? (Hint: Use a 365-day year.) THE GREEK CONNECTION BALANCE SHEET as of December 31, 2013 (thousands of dollars) Assets Liabilities and Equity Cash $1,808 Accounts payable Accounts receivable 3,758 Notes payable Inventory 1,052 Accruals a. Calculate The Greek Connection's net working capital in 2013. $1,486 1,000 1,220 The net working capital is $ 2912 thousand. (Round to the nearest integer.) b. Calculate the cash conversion cycle of The Greek Connection in 2013. The cash conversion cycle is days. (Round to one decimal place.) THE GREEK CONNECTION BALANCE SHEET as of December 31, 2013 (thousands of dollars) Assets Liabilities and Equity Cash $1,808 Accounts payable Accounts receivable 3,758 Notes payable Inventory 1,052 Accruals Total current assets $6,618 Total current liabilities Net plant, property, and equipment $8,500 Long-term debt Total assets $15,118 Total liabilities Common equity Total liabilities and equity $1,486 1,000 1,220 $3,706 $3,000 $6,706 $8,412 $15,118