Question: please use excel format 16-1 CASH CONVERSION CYCLE Parramore Corp has $12 million of sales, $3 million of inventories 53.25 million of receivables, and $1.25

please use excel format

16-1 CASH CONVERSION CYCLE Parramore Corp has $12 million of sales, $3 million of inventories 53.25 million of receivables, and $1.25 million of payables. Its cost of goods sold is 75% of sales and it finances working capital with bank loans at an 8% rate. What is Parramore's cash co version cycle (CCC)? If Parramore 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, how much cash would be freed up, and how would that affect pretax profits

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