Ex. 2. The following information is available for Shagun Ltd. (000) Average stock of raw materials and stores Average work-in-process inventory Average finished goods inventory Average accounts receivable Average accounts payable 400 600 360 600 360 20 25 36 40 Average raw materials and stores purchased on credit and consumed per day Average work-in-process value of raw materials committed per day Average cost of goods sold per day Average sales per day You are required to calculate : a) Duration of raw materials stage (b) Duration of work-in-progress stage (c) Duration of finished goods stage (d) Duration of accounts receivable stage (e) Duration of accounts payable stage (7) Duration of the operating cycle