Parramore Corp has $11 million of sales, $3 million ofinventories, $3.5 million of receivables, and $2.75 million ofpayables. Its cost of goods sold is 80% of sales, and it financesworking capital with bank loans at a 9% rate. Assume 365 days inyear for your calculations. What is Parramore's cash conversioncycle (CCC)? Do not round intermediate calculations. Round youranswer to two decimal places. days If Parramore could lower itsinventories and receivables by 12% each and increase its payablesby 12%, all without affecting sales or cost of goods sold, whatwould be the new CCC? Do not round intermediate calculations. Roundyour answer to two decimal places. days How much cash would befreed up, if Parramore could lower its inventories and receivablesby 12% each and increase its payables by 12%, all without affectingsales or cost of goods sold? Write out your answer completely. ForExample, 13.2 million should be entered as 13,200,000. Do not roundintermediate calculations. Round your answer to the nearest dollar.$ By how much would pretax profits change, if Parramore could lowerits inventories and receivables by 12% each and increase itspayables by 12%, all without affecting sales or cost of goods sold?Write out your answer completely. For Example, 13.2 million shouldbe entered as 13,200,000. Do not round intermediate calculations.Round your answer to the nearest dollar.