Extract from the recent financial statements of Gerhana Berhad are shown below. Income statement as at 31st December 2023 2023 2022 ($'000) ($'000) Sales 31200 22000 Cost of Sales 18600 13200 Gross Profit 12600 9000 Administration 2000 1500 expenses EBIT 10600 7500 Interest 200 30 Earning before Tax 10400 7470 Statement of Financial Position as at 31st December 2023 2023 2022 $'000 $'000 $'000 $'000 Fixed asset 11,500 10,800 Current Assets: Inventory 6000 2600 Account 7600 3700 Receivable Cash 240 13,840 1800 8,100 Total Assets 25,340 18,900 Current Liabilities: Account Payable 5740 3200 Overdraft bank 2000 300 Total Liabilities 7740 3500 All sales purchases were on credit Gerhana Berhad has no long-term debt. a. Calculate the operating cycle and the cash conversion cycle of Gerhana Berhad for the year 2023 and 2024. b. Discuss the four stages of accounts receivable life cycle. C. Float is the delay between when funds are sent by a payer to a payee. It is important to reduce float. State FOUR (4) types of floats.