EXERCISES 2 A Kasturi Trading is planning to purchase raw materials on 5th April 2011 and the payment will be on credit term net 60. The goods will be sold on 4th July 2011. Meanwhile, total initial outlays and account receivables of the company are RM 450,000 and RM 20,000 respectively. The annual sales of the company are RM 150,000 with 70% of it is on credit. Calculate: Cash cycle Cash turnover 1. L Minimum operating cash