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Please be organized and highlight or bold the answers becausethis is the 2nd time I am posting this questionParramore Corp has $18 million of sales, $1 million ofinventories, $3 million of receivables, and $1 million of payables.Its cost of goods sold is 85% of sales, and it finances workingcapital with bank loans at an 7% rate. Assume 365 days in year foryour calculations. Do not round intermediate steps.What is Parramore's cash conversion cycle (CCC)? Do not roundintermediate calculations. Round your answer to two decimalplaces.________ daysIf Parramore could lower its inventories andreceivables by 10% each and increase its payables by 10%, allwithout affecting sales or cost of goods sold, what would be thenew CCC? Do not round intermediate calculations. Round your answerto two decimal places.________ daysHow much cash would be freed up, if Parramore couldlower its inventories and receivables by 10% each andincrease its payables by 10%, all without affecting sales or costof goods sold? Do not round intermediate calculations. Round youranswer to the nearest cent. Write out your answer completely. ForExample, 13.2 million should be entered as 13,200,000.$__________By how much would pretax profits change, if Parramore couldlower its inventories and receivables by 10% each andincrease its payables by 10%, all without affecting sales or costof goods sold? Do not round intermediate calculations. Round youranswer to the nearest cent. Write out your answer completely. ForExample, 13.2 million should be entered as 13,200,000.$________