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Chastain Corporation is trying to determine the effect of itsinventory turnover ratio and days sales outstanding (DSO) on itscash conversion cycle. Chastain's 2016 sales (all on credit) were$127,000; its cost of goods sold is 80% of sales; and it earned anet profit of 4%, or $5,080. It turned over its inventory 5 timesduring the year, and its DSO was 40 days. The firm had fixed assetstotaling $49,000. Chastain's payables deferral period is 40 days.Assume 365 days in year for your calculations.Calculate Chastain's cash conversion cycle. Round your answerto two decimal places. Do not round intermediatecalculations. daysAssuming Chastain holds negligible amounts of cash andmarketable securities, calculate its total assets turnover and ROA.Round your answers to two decimal places. Do not round intermediatecalculations.Total assets turnover ROA%Suppose Chastain's managers believe that the inventory turnovercan be raised to 8.9 times. What would Chastain's cash conversioncycle, total assets turnover, and ROA have been if the inventoryturnover had been 8.9 for 2016? Round your answers to two decimalplaces. Do not round intermediate calculations.Cash conversion cycledaysTotal assets turnover ROA%