Reference no: EM131538175

The Greek Connection had sales of $32 million and cost of goods sold of $12.8 milion in 2009. A simplified balance sheet for the firm appears? below: THE GREEK CONNECTION Balance Sheet as of December? 31, 2009? (thousands of? dollars) Assets Liabilities and Equity Cash 2,202 Accounts payable 1,549 Accounts receivable 4,241 Notes payable 1,000 Inventory 1,159 Accruals 1,220 Total Current Assets 7,602 Total current liabilities 3,769 Net property plant and equipment 8,500 Long term debt 3,000 total assets 16,102 Total liabilities 6,769 Common Equity 9,334 Total liabilities and equity 16,102 a. Calculate The Greek? Connection's net working capital in 2009. b. Calculate the cash conversion cycle of The Greek Connection in 2009. c. The industry average accounts receivable days is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2009 had it matched the industry average for accounts receivable? days?