answer part b c and d

Homework: Chapter 15 Homework Save Score: 0.43 of 1 pt 3 of 10 (10 complete) HW Score: 64.54 % , 6.45 of 10 pts VP15-3 (similar to) EQuestion Help Multiple changes in cash conversion cycle Garrett Industries tums over its inventory 7 times each year, it has an average collection period of 41 days and an average payment period of 30 days. The firm's annual sales are $3.2 million Assume there is no difference in the investment per dollar of sales in inventory, receivables, and payables; and a 365-day year a. Calculate the firm's cash conversion cycle, its daily cash operating expenditure, and the amount of resources needed to support its cash conversion cycle. b. Find the firm's cash conversion cycle and resource investment requirement if it makes the following changes simultaneously (1) Shortens the average age of inventory by 6 days (2) Speeds the collection of accounts receivable by an average of 10 days (3) Extends the average payment period by 8 days. e. If the firm pays 17 % for its resource investment, by how much, if anything, could it increase its annual profit as a result of the changes in part b? d. If the annual cost of achieving the profit in part e is $35,000, what action would you recommend to the firm? Why? a. The firm's cash conversion cycle, CCC, is 63 days. (Round to the nearest whole day) The firm's daly cash operating expenditure is $ 8767 (Round to the nearest dollar.) The amount of resources needed to support the firm's cash conversion cycle is $ 552320 (Round to the nearest dollar) h Eind tha fem'e nach ennuareinn unle and roereirne inveetment raniramant if it makae the fnliainn channae eimtananel Enter your answer in the answer box and then click Check Answer 3 parts remaining Clear All Final Check to) Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 7 times each year; it has an average col 30 days. The firm's annual sales are $3.2 million. Assume there is no difference in the investment per dollar of sales in inventory a. Calculate the firm's cash conversion cycle, its daily cash operating expenditure, and the amount of resources needed to suppo- b. Find the firm's cash conversion cycle and resource investment requirement if it makes the following changes simultaneously. (1) Shortens the average age of inventory by 6 days. (2) Speeds the collection of accounts receivable by an average of 10 days. (3) Extends the average payment period by 8 days. c. If the firm pays 17% for its resource investment, by how much, if anything, could it increase its annual profitias a result of the c d. If the annual cost of achieving the profit in part c is $35,000, what action would you recommend to the firm? Why? b. Find the firm's cash conversion cycle and resource investment requirement if it makes the following changes simultaneously (1) Shortens the average age of inventory by 6 days. (2) Speeds the collection of accounts receivable by an average of 10 days (3) Extends the average payment period by 8 days. The new cash conversion cycle, ccc. days. (Round to the nearest whole day) Enter your answer in the answer box and then click Check Answer. parts remaining Clear All e O Type here to search E1Y-PACKARD