1. The following cost of sales statements are available for D.D. Manufacturers: Staterment of Cost of Sales Items 1. Opening raw material inventory 2. Purchases 3. Closing raw material inventory 4. Raw material consumed (1+2-3) 5. Wages and salaries crore) 20X1 20X2 20X3 5.2 6.8 7.6 25.6 33.5 45.6 6.8 7.6 9.2 24.0 32.7 44.0 8.1. 11.2 15.3 6. Other mfg. expenses 3.2 4.4 5.8 7. Depreciation 1.8 2.0 2.6 8. Total cost (4+ 5+ 6+7) 37.1 50.3 67.7 9. Opening work-in-process inventory inventory 16. Cost of sales (14+15) 10. Closing work-in-process 11. Cost of production 12. Opening finished goods inventory 3.2 13. Closing finished goods inventory 14. Cost of goods sold 15. Selling, administrative and other expenses 2.8. 37.3 48.4 66.9 1.3 1.9 2.1 38.6 50.3 69.0 1.8 2.0 3.1 2.0 3.1 4.6 36.9 49.2 66.2 2.8 3.6 3.6 2.9 The following are the additional data available: 20X1 20X2 20X3 Sales 45.9 60.1 82.7 PBIT 7.3 9.8 13.7 Debtors: Opening 8.3 10.8 14.9 Closing 10.8 14.9 20.5 Creditors: Opening 3.7 4.6 8.0 Closing 4.6 8.0 12.0 You are required to calculate (i) operating cycle, (i) net operating cycle, and (iii) cash conversion cycle, for each of the three years.