Changing cash conversion cycle Camp Manulacturing turns over is inventory 5 times each year, has an average paymert period of 35 days, and has an average collection period of 65 days. The firm thas annuat sules of $3.0 million and cost of poods sold of $2.1 miltion. (Use a 365 -day year) a. Calculate the firms acerating cycle and cast corversion cycle. b. What is the dollar value of inventory held by twe firm? c. If the firm could roduce the averape ape of its imentory from 73 days to 63 days, by how much would it reduce its dollar imvestrent in working capital? a. Carphr openating cycle, OC, is days. (Round to the nearest whole number.) Campis canh conversion cycle, CCC, is days. (Round to the nearest wholo number.) b. The doliar wive of inventory held by the firm is: (Round to the nearest dollar) c. If the fem could roduce the average age of its imentory from 73 days to 63 days, it would reduce its dollar imvestment in working capital by (Round to the nearest dollar)