Baloon Payment Financial (BPF) has an inventory conversion period 0f 45 days, and a payables deferall period of 20 days. (a) What is the length of the firm's cash conversion cycle? (b) If BPF's annual sales are $1.8 million and all sales are on credit, what is the average balance in accounts recievable? (c) How many times per year does BPF turn over its inventory? (d) What would happen to BPF's cash conversion cycle if, on average, inventories could be turned over 12 times a year?