3 sur 6 The following data relates to Stylo Corp. during 2020-21; Beginning Balance Ending Balance $180,000 Accounts payable: $110,000 Accounts receivable: $290,000 $270,000 Inventory: $85,000 $95,000 Total sales $600,000 Credit sales: 75% of total sales Cost of goods sold: 60% of total sales Industry average for Days Inventory Outstanding (DIO) is 95 days, whereas Credit term offered by the industry to customers (DSO) is 120 days and credit term offered by the suppliers (DPO) is 180 days in the industry on average. a) What does it mean by Days Inventory Outstanding (DIO), Days Sales Outstanding (DSO). Days Payables Outstanding (DPO), Operating Cycle (OC) and cash conversion cycle (CCC)? (5 points) b) Compute the Operating cycle for the company? (4 points) c) Also Compute the Cash Conversion Cycle for the company? (4 points) d) What are the Operating Cycle and Cash Conversion Cycle for the industry on average? (3 points)