4. Mitra Ltd. has obtained the following data concerning the average working capital cycle for other companies in the same industry: Raw material stock turnover 20 Days Credit received 40 Days Work-in-Progress Turnover 15 Days Finished goods stock turnover 40 Days

Debtors collection period 60 Days 95 Days

Using the following data, calculate the current working capital cycle for Mitra Ltd. And briefly comment on it. (Php In '000) Sales 3,000 Cost of Production 2,100 Purchase 600 Average raw material stock 80 Average work-in-progress 85 Average finished goods stock 180 Average creditors 90 Average debtors 350