d) A manufacturing company has the following information relating to its working capital and rates of turnover: Components of working Capital Value ZMK Raw materials Work in Progress Finished goods stock Fullscreen Snijp 17,810 24,660 37,260 Period between despatch and invoice to customer 2 days Trade debtors Trade creditors 219,180 113,970 Measures of annual turnover and throughput: Sales Cost of sales Material purchases ZMK2.Omillion ZMK1.7million ZMK1.3million Required: Calculate the working capital cycle (assume 365 days in a year, and assume that the value of work in progress is equal to the cost of material plus 50% of the cost of converting materials into finished goods). (9 marks) d) A manufacturing company has the following information relating to its working capital and rates of turnover: Components of working Capital Value ZMK Raw materials Work in Progress Finished goods stock Fullscreen Snijp 17,810 24,660 37,260 Period between despatch and invoice to customer 2 days Trade debtors Trade creditors 219,180 113,970 Measures of annual turnover and throughput: Sales Cost of sales Material purchases ZMK2.Omillion ZMK1.7million ZMK1.3million Required: Calculate the working capital cycle (assume 365 days in a year, and assume that the value of work in progress is equal to the cost of material plus 50% of the cost of converting materials into finished goods). (9 marks)