Use the financial statement supplied here for the International Motor Corporation (IMC) the following questions Calculate the cash conversion or for IMC for both 2015 and 2016. What changes occurred, les being how does this change the need for cash? b. MC's suppliers other forms of net 30. Does tappe IMC doing a good job of managing is accounts payat Co the cathconversion cycle for MC for both 2015 and 2016 The cathconversion cycle to 2016 round to her) The cath conversion cycle for 2016 . (Round to the nearest tege) What change has ocowe, Kanese being count how a change afect MC's need for car? (Select from the map down menus) by 24 which the wount of cathed by suppliers ofter we of het Does tapona that Mongood out managing to accounts payable? (Select the best choice below) OA. The form is paying to early, it could be carring reston is money om the first to puring the days there is no penalty, to take advantage of additional cash on hand OG The firm is paying what should be OD. The should be paying within 10 days The CC has of net 30. Does it appe Blon cycle for MC for 2015 days 2010 days (RE an? Al is being yout 24 days, which of net 30. Does it app INTERNATIONAL MOTOR CORPORATION Income Statement in millions) for the years ending December 31 2015 2016 Sales $60,000 $75,000 (-) Cost of goods sold 52.000 61,000 Gross profit $8.000 $14,000 (-) Selling and general and administrative expenses 8.000 0.000 Operating profit $2.000 $6,000 (-) interest expense 1400 1,300 Earringe before to 3000 $4.700 (-) Taxes 300 2.350 Earnings after tax $300 $2.360 INTERNATIONAL MOTOR CORPORATION Balance Sheet in million) as of December 31 2015 2016 2015 2016 Assets Liabilities Cash $3.080 56,100 Accounts payable $4,132 $3,888 Accounts receivable 2.746 7.441 Notes payable 1,180 1.250 Inventory 5644 6.513 Accruals 5,600 6211 Total current assets $11.470 $20,054 Total current Babies $10.912 $11,349 Net plant, property, and equip $23.087 $20,098 Long-term debit $6,500 $7,000 Total assets $34.557 $40.152 Total liabilities $17.412 $18,349 Equity Common stock 51.593 $2.477 Retained emings $15,552 $17.902 arty, it could be cam aying or 30 days if the hen it should be saying within 10 days