Kenneth Lemon ? (? ity: Cash conversion cycle EDT Video Excel Online Structured Activity: Cash conversion cyde Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cyde. Chastain's 2016 sales (Call on credit) were $234000; its cost of goods sold is 80% of sales; and it earned a net profit of S%, or S11700. It turned over its inventory Stines du ig the year, andits DSO was 36 days. The firm had fixed assets totaling $26000. Chastain's payables deferral period is 35 days. Assume 365 days in year for your calculations. The data has been Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Round your answer to two decimal places. Do not round intermediate calculations. to two a. Calculate Chastain's cash conversion cycle. days places. Da b. Assuming Chastain holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Round your answers to two decimal not round intermediate calculations Total assets turnover ROA Back