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Consider the financial ratios in the following table. Inventory Turnover (IT) 1.39 Accounts Receivable Turnover (ART) 3.44 Accounts Payable Turnover (APT) 2.93 (a) Calculate the

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Consider the financial ratios in the following table. Inventory Turnover (IT) 1.39 Accounts Receivable Turnover (ART) 3.44 Accounts Payable Turnover (APT) 2.93 (a) Calculate the cash conversion cycle (CCC) for this company. (4 marks) (b) If a comparable company has a CCC of 268.30, which company is doing a better job of managing its working capital? (1 mark) (c) Briefly outline the three strategies (maturity matching, short term funding and long term funding) that a company may follow to finance its working capital. (3 marks) (Include enough working to show you understand the calculations.)

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