This Yusul. Pas Multiple changes in cash conversion cycle Garrett Industrias turns over its inventory 7 times each year, it has an average collection period of 44 days and an average paynent period of 27 days. The fir 53.3 milion. Assume there is no difference in the investment per dollar of sales in inventory, recalvables and payables, and a 365-day year Calculate the firm's cash conversion cyde, is daily cash operating expenditure and the amount of resources needed to support is cash conversion cycle b. Find the first conversion cycle and resource Investment requirement it makes the following changes simultaneously (1) Shot the average of twenty by days (2) Speeds the collection of accounts receivable by an average of 3 days 13) Extends the average payment period by 8 days c. If the impays 14 for its resource Invest by how much if anything could it increase its annual profit orsult of the changes in part b? di the annual cost of achieving the protein partcs $36.000, what action would you recond to them? Why? 1. The cash cowo cyde CCO 1 2 days (Round to the nearest whole day The femina, eh operating expenditure is Round to the nearest dollar 1 The wount of sounded to support from cash conversion de la Round to the nearest dollar b. Find the color by and resource investment require i makes the following changes simultaneously (1) Shows the verage age of invertory by 12 Seeds the coddion of society aniverson of a di OL eo