14. Use the following data to answer the next question. Lazy O Corporation Selected Financial Data Current assets 85,000 Current liabilities 70,000 Accounts receivable35,000 40,000 Accounts payable Lazy O's cash conversion cycle is closest to A. 35 days B. 72 days C. 122 days D. 51 days 15. Which of the following could be indicative of cash flow problems or a result of an expansion? A. Increasing accounts receivable and decreasing inventories. B. Decreasing accounts receivable and increasing inventories. C. Increasing accounts receivable and increasing inventories. D. Decreasing accounts receivable and decreasing inventories. 16. You are estimating your company's external financing needs for the next year. At the end of the year you expect that owners' equity will be $80 million, total assets will amount to $170 million, and total liabilities will be $70 million. How much will your firm need to borrow, or otherwise acquire, from outside sources during the year? A. S160 million B. $20 million C. S150 million D, $180 million E. S70 million