problem: Primrose Corp has 15 million dollar of sales, 2 million dollar of inventories, $3 million of receivables, & $1 million of payables. Its price of goods sold is 80% of sales, & it finances working capital with bank loans at an 8% rate. Determine Primrose's cash conversion cycle (CCC)? If Primrose could lower its inventories and receivables by 10% each and increase its payables by 10%, all without affecting either sales or cost of goods sold, find what would the new CCC be, how much cash would be freed up, & how would that affect pre-tax benefits?