Excel Online Structured Activity: Cash conversion cycle Chastain Corporation is trying to determine the effect of its inventory turnover ratio and $210000; its cost of goods sold is 80% of sales; and ftoxed assets totaling $47000. Chastain's payble Open the spreadsheet and perform the required analysis to answer the questions below t days sales outstanding (DSO) on its cash conversion cycdle. Chastain's 2016 sales (all on credit) were It earned a net profit of 8%, or $16800. It turned over its inventory 5 times during the year, and its DSO was 35.5 days. The firm had es deferral period is 45 days. Assume 365 days in year for your calculations. The data has been collected in the Microsoft Excel Online file below Open spreadsheet a. Calcuiate Chastai in's cash conversion cycle. Round your answer to two decimal places. Do not round intermediate calculations days b. Assuming Chastain holds negligible amounts of cash and marketable secunities, calculate its total assets turnover and ROA, Round your answers to two tumover and ROA, Round your answers to two decimal places. Do not round intermediate calculations Total assets turnover ROA Chastain's managers believe that the inventory tunover can be raised to 9.9 times. What would Chastain's cash conversion the inventory turnover had been 9.9 for 2016? Round your answers to two decimal places. Do not round intermediate calculations Cash conversion cycle Total assets turnover ROA days Check My Work Resot Probl