(7 marks) Question 6 (This question is from the Week 11 Tutorial) The following data is available for Quick Serve Trading Ltd. Account Ending Balance Accounts payable Inventory Long term debts Common stock Accounts receivable Total revenue Total cost of sales Beginning balance 120,300 160,600 327,500 400,400 123,400 124,400 167,200 325,800 415.900 122.300 737,000 265,000 (Note - Assume that all sales are on credit) Required: a) Calculate the operating cycle (2.5 marks) and the cash cycle (2.5 marks) b) Interpret and explain the outcomes (2 marks)