1 Jana runs a business manufacturing toy sheep for export. This year she hopes to generate $400,000 in sales. She estimates the business has, on average: 10 days of raw materials inventory 10 days of work in progress inventory eight days of finished goods inventory Payment terms are: 20 days for suppliers 14 days for customers Jana calculates that raw materials make up 50% of the sales price of the finished toys she produces. How many days will Jana need to finance? How much working capital will Jana need? Show all workings. Upload a file (7MB max) 2 Calculate the working capital ratio of a designer boutiquethe current liabilities are $24,000 and assets are $36,000. Comment on what this means for the solvency of the business and the ability of the business to meet its profit projections in the future. Upload a file (7MB max)