3.2The following data was extracted from the company statements of Up Jean Ltd, a clothing retail outlet for the year ended 31 March 2014:Credit purchasesR330 000Credit salesR590 000Opening stockR87 500Closing stockR75 000DebtorsR98 500CreditorsR41 000Page 6of 6Required:3.2.1 Calculate the length of the working capital cycleby making use of the ratios, days stock on hand (inventory); debtors collection period (receivables) and creditors (payables) settlement period.