Pasha Corporation produces motorcycle batteries. Pasha turns out1,700 batteries a day at a cost of $6 per battery for materials andlabor. It takes the firm 23 days to convert raw materials into abattery. Pasha allows its customers 40 days in which to pay for thebatteries, and the firm generally pays its suppliers in 30 days.Assume 365 days in year for your calculations.

What is the length of Pasha's cash conversion cycle? Round youranswer to two decimal places. days

At a steady state in which Pasha produces 1,700 batteries a day,what amount of working capital must it finance? Round your answerto the nearest dollar. $

By what amount could Pasha reduce its working capital financingneeds if it was able to stretch its payables deferral period to 45days? Round your answer to the nearest dollar. $

Pasha's management is trying to analyze the effect of a proposednew production process on its working capital investment. The newproduction process would allow Pasha to decrease its inventoryconversion period to 18 days and to increase its daily productionto 2,700 batteries. However, the new process would cause the costof materials and labor to increase to $11. Assuming the change doesnot affect the average collection period (40 days) or the payablesdeferral period (30 days), what will be the length of its cashconversion cycle and its working capital financing requirement ifthe new production process is implemented? Round your answers totwo decimal places. Cash conversion cycle days Working capitalfinancing $