EP Bhd is concerned about its cash management. On the average, inventories have an age of 30 days, and accounts receivable are collected in 15 days. Accounts payable are paid approximately 20 days after they arise. The company has annual sales of RM800.000, cost of goods sold of RM400,000, and purchase of RM500,000. Assume a 365-day per year. Required: Explain the main objective for short-term financial management. (2 marks) Calculate the firm's operating cycle. (2 marks) Calculate the cash conversion cycle. (2 marks) Be