African Products is concerned about managing cash efficiently. On average, inventories have an age of 90 days and trade receivables are collected in 60 days. Trade and other payables are paid approximately 30 days after they arise. The firm has annual sales of about R30 million.

Assume there is no difference in investments per Rand of sales in inventory, receivables and payables; and a 365-day year.

1. Calculate the firms Operating Cycle.
2. Calculate the firm's Cash Conversion Cycle.
3. Calculate the amount of resources needed to support the firms' Cash Conversion Cycle.