Assume you have extracted the following information from the statements of Manzini Manufacturing Ltd. (MML) for the financial year to 28 February 2022. Assume a 365 day year.

	R000
Inventory:
Raw material (RM)	300
Work in process (WIP)	520
Finished Goods (FG)	430
Total inventory	1250
Trade receivables	620
Trade payables	220
Purchases (only raw material)	3800
Cost of goods sold	5100
Sales	9900

REQUIRED

Calculate the Cash Conversion Cycle (CCC), also known as the Net working Capital (NWC) cycle or the number of days this company needs financing for.

Also advise management how the management of the CCC can contribute to increasing the profitability of the company.