Q1) Cyree Inc. has annual sales of $80,000,000; its average inventory is=  $20,000,000; and its average accounts receivable is= $16,000,000. Firm purchases all raw materials on terms of next 35 days, and it pays on  time. Firm is searching for ways to shorten cash conversion  cycle. If sales can be sustained at existing levels where as lowering  inventory by $4,000,000 and accounts receivable by= $2,000,000, by how  many days would cash conversion cycle be changed? Use a 365-day  year.
a) -27.4
b) -28.7
c) -30.2
d) -31.7
e) -33.3