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Bredan Ltd has annual sales of $200 milion with a cost of goods sold of $150 million. They keep an average inventory of $60 millon. On average, the firm has accounts receivable of $50 million. The firm buys all raw materials on credit, its trade credit terms are net 30 days and it pays on time. The firm's managers are searching for ways to shorten the cash conversion cycle. If sales can be maintained at existing levels but inventory can be lowered by $15 million and accounts receivable can be lowered by $20 million, what will be the net change in the cash conversion cycle? (use a 360-day year)

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