Red Hamster Manufacturing Corporation has forecasted sales of \\( \\$ 28,000,000 \\) for next year and expects its cost of goods sold (COGS) to remain at \80 of sales. Currently, the firm holds \\( \\$ 2,700,000 \\) in inventories, \\( \\$ 2,100,000 \\) in accounts receivable, and \\( \\$ 2,800,000 \\) in accounts payable. Approximately how long does it take Red Hamster Manufacturing to convert its raw materials to its finished products and then to sell those goods? (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) 30.80 days 35.20 days 33.00 days 44,00 days On average, it takes from the time a sale is made until the time cash is collected from customers. Red Hamster Manufacturing relies on customer credit when it buys raw materials from its suppliers, On average, it takes after the firm purchases materials before it sends cash to its suppliers. The length of Red Hamster Manufacturing's cash conversion cycle (CCC) is In general, firms prefer a CC. What is the length of Red Hamster Manufacturing's cash conversion cycle (CCC)? 23.18 days 25.75 days 24,46 days 21.89 days In general, firms prefer a \\( \\quad \\) CCC. The management at Red Hamster Manufacturing wants to continue its internal discussions regarding its cash management. One of the finance team members presents the following case to her cohorts