Working Capital Cash Flow Cycle Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $3,160,000 (all on credit), and its net profit margin was 8%. Its inventory turnover was 7 times during the year, and its DSO was 43 days. Its annua cost of goods so as $1, 7 The had fixed assets totaling 505,000. Strickler's payables deferral period is 49 days. Assume a 365-day year. Do not round intermediate calculations a. Calculate Strickler's cash conversion cycle. Round your answer to two decimal places 46.12 days b. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Round your answers to two decimal places. Total assets turnover: ROA: C. Suppose Strickler's managers believe the annual inventory turnover can be raised to 9 times without affecting sale or profit margins. What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year? Round your answers to two decimal places. Cash conversion cycle 34.55days Total assets turnover: ROA