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10. Extra Company has the following cash planning for 2012: 1. Purchase of raw materials is done on 1 March and the payment will be

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10. Extra Company has the following cash planning for 2012: 1. Purchase of raw materials is done on 1" March and the payment will be done in 35 days. ii. On May 15, the goods will be sold with the credit term of 4/10 net 50. The customer will normally pay at the end of the credit term. iii. The annual cash outlay for Extra Company is RM3million. Determine the operating cycle, cash cycle, cash turnover and minimum operating cash

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