where is the correct solution (b)

nswer the following questions: (4 questions) Question 1: RAWA Manufacturing Company pays accounts payable on the tenth day after purchase. The average collection period is 30 days, and the average age of inventory is 40 days. The firm is considering a plan that would stretch its accounts payable by 20 days. a. Calculate the current Cash conversion cycle. CCC=AAT+ACP-APP =40+30-10=60 b. Calculate the proposed Cash conversion cycle. CCC=AAI+ACP-APP 40+30-20=50 Or 40+30-30=40