LNC Corp is trying to determine the effect of its inventory turnover ratio and DSO on its cash conversion. Credit sales in 2016 is $101,000, cost of goods sold will be 70% of sales and it earned a net profit of 3.3%, or $2,780. It turned over its inventory 6.7 times during the year, and its DSO was 33 days. The firm has fixed assets of $43,500 and its deferral payables period was 36 days. a. Determine LNC's Cash conversion cycleb. Assuming the firm does not have cash and marketable securities, determine its total asset turnover, and return on asset.c. It is predicted that inventory turnover might increase 8.1 times. Determine Cash conversion cycle and total asset turnover and return on asset in that case.