Click here to read the eBook: The Cash Conversion Cyde Problem Walk-Through CASH CONVERSION CYCLE Parramore Corp has $10 milion of sales, $1 million of inventories, $3 million of receivables, and $2 milion of payables. Its cost of goods sold is 75% of sales, and it frances working capital with bank loans at an 6% rate. Assume 365 days in year for your calculations. Do not round Intermediate steps 1. What is Parramore's cash conversion cyde (CCC)? Do not round intermediate calculations. Hound your wower to two decimal places days 2. If Parramore could lower its inventories and receivables by 8% each and increase its payables by 8%, al without affecting sales de cost of goods sold, what would be the new CCC Do not round Intermediate calculations, Round your answer to two decimal places days 3. How much cash would be freed up, Parramore could lower its inventories and receivables by 5% each and increase its payables by all without affecting sales or cost of goods sold? Do not found intermediate calculations. Round your answer to the nearest centre out your answer completely. For example, 13.2 million should be entered as 13, 200,000 4. Hy how much would pretax profits change, Paramore could lower its inventories and receivables by 8% each and increase its payables by 8%, all without affecting sales or cost of goods sold Do not round intermediate calculations, Round your answer to the nearest cert, write out your answer completely. For example, 13.2 million should be entered as 13.200,000. $