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Changing cash conversion cycle Camp Manufacture turns over its inventory 5 times each year, has an average payment period of 30 days and has an average collection period of 69 days. The firm annual salaries of $3.1 million and cost of goods sold of $2.1 million (Use a 365-day year.) Calculate the frims operating cycle and cash conversion cycle. What is the dollar value of inventory held by the firm? If the firm could reduce the average age of at inventory from 73 days to 63 days by how mu vh would it reduce its dollar investment in working capital? Camps operating cycle, OC, is days. (Round to the nearest whole number.) Changing cash conversion cycle Camp Manufacture turns over its inventory 5 times each year, has an average payment period of 30 days and has an average collection period of 69 days. The firm annual salaries of $3.1 million and cost of goods sold of $2.1 million (Use a 365-day year.) Calculate the frims operating cycle and cash conversion cycle. What is the dollar value of inventory held by the firm? If the firm could reduce the average age of at inventory from 73 days to 63 days by how mu vh would it reduce its dollar investment in working capital? Camps operating cycle, OC, is days. (Round to the nearest whole number.)