Parramore Corp has $17 million of sales, $2 million ofinventories, $2 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 6% 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.   days= If Parramore could lower its inventories andreceivables by 11% each and increase its payables by 11%, allwithout affecting sales or cost of goods sold, what would be thenew CCC? Do not round intermediate calculations. Round your answerto two decimal places. days= How much cash would be freed up, if Parramore couldlower its inventories and receivables by 11% each andincrease its payables by 11%, 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 11% each andincrease its payables by 11%, 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.