Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 38 days, and has an average collection period of 68 days. The firm has annual sales of $3 2 milion and cost of goods sold of 522 million (Use a 365-day year) a. Calculate the firm's operating cycle and cash conversion cycle b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the average age of its inventory from 73 days to 63 days, by how much would it reduce its dollar investment in working capital? 1. Camp's operating cyce oc is days. (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer 3 parts remaining Clear All Check