Question: please solve it in 15 mins I will thumb you up please fast Zayd Enterprise has $15 million of sales, $2 million of inventories, $3

 please solve it in 15 mins I will thumb you up

please solve it in 15 mins I will thumb you up please fast

Zayd Enterprise has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost of goods sold is 80% of sales, and it finances working capital with bank loans at an 8% rate. i. What is Zayd's cash conversion cycle (CCC)? ii. If Zayd could lower its inventories and receivables by 10% each and increase its payables by 10%, all without affecting sales or cost of goods sold, what would be the new CCC. Show all workings (Students can copy and paste workings from Excel)

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