* For the problems, CCC = cash conversion cycle, DSO = days' sales outstanding, DIH = days' inventory held, and DPO = days' payable outstanding. 1. Suppose that a firm has a 30-day DSO. Determine the firm's DIH if the operating cycle is: 30 days b. 60 days C. 80 days a. 2. Suppose that a firm has a 50-day DIH and a 30-day DPO. Determine the firm's DSO if the CCC is: a. 90 days b. 60 days C. 20 days 3. Suppose that a firm has a 60-day operating cycle. Determine the firm's DPO if the CCC is: 40 days b. O days C. 20 days 5. Suppose a firm uses cash to cover a $50,000 accounts payable. a. What impact does this transaction have on the firm's current ratio if the initial current ratio equaled 1? b. What impact does this transaction have on the firm's current ratio if the initial current ratio is 0.5? c. What impact does this transaction have on the firm's current ratio if the initial current ratio equaled 1.72