Cash Conversion Cycle: Can I please have help on the last portion: Step 3. & double check the answers that are already filled in

Suppose your startup has $15.00 million in sales, $2.00 million of inventories, $3.50 million of receivables, and $1.10 million of payables. Your cost of goods sold is 50% of sales, and you borrow funds to finance your operations at 8%. What is the formula for the cash conversion cycle? Cash conversion cycle = Inventory conversion period Average collection period Payables deferral period Identify how each period is estimated. Complete the following table by computing all periods and the cash conversion cycle. Suppose now that you were able to lower your inventories and receivables by 9% and at the same time increase payables by 9% without changing your sales and costs. The firm's cash conversion cycle became days. You were able to free up in cash and your pre-tax profits will by Now it's time for you to practice what you've learned. Suppose your startup has $15.00 million in sales, $2.00 million of inventories, $3.50 million of receivables, and $1.10 million of payables. Your cost of goods sold is 50% of sales, and you borrow funds to finance your operations at 8%. The startup's cash conversion cycle is days. Suppose now that you were able to lower your inventories and receivables by 5% and at the same time increase payables by 5%. Given that your sales and costs have not changed, your startup's cash conversion cycle became days. As a result of the 5% change in inventories, receivable and payables, you were able to free up in cash and your pre-tax profits will by