Use the financial statements supplied below for International Motor Corporation(IMC) to answer the following questions. 1. Calculate the cash conversion cycle for IMC for both 2015 and 2016 . What change has occurred, if any? All else being equal, how does this change affect IMC's need for cash? 1. IMC's suppliers offer terms of Net 30 . Does it appear that IMC is doing a good job of managing its accounts payable? INTERNATIONAL MOTOR CORPORATION Income Statement (in \$ million) for the Years Ending December 31 NTERNATIONAL MOTOR CORPORATION Balance Sheet (in \$ million)