Whitson Co. is looking for ways to shorten its cash conversion cycle. It has annual sales of R36 500 000, or R100 000a day on a 365-day basis. The firm's cost of goods sold is 73% of sales. On average, the company has R8 850 271 in inventory and R7 081 750 in accounts receivable. It's CFO has proposed new policies taht would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by 10%, while the payables defferal period would remain unchanged at 32 days. All sales are on credit.

a) what is the cash conversion cycle before implementing the changes?

B) what is the cash conversion cycle after implementing the changes?

C) what effect would these policies have on the company's cash conversion cycle? A reduction in the number of days to be indicated by a "-" sign.

Note: Please do not round off your calculations only round off your final answer to 2 decimal places