FN 601 29TH APRIL 2024 Practice Question The Sirika Liminted has annual credit sales of TZS 396 Million, an inventory conversion period of 60 days, receivables collection period of 36 days, and a payables deferral period of 24 days (assume 360 days in a year). a. What is the length of the firm's cash conversion cycle? b. What is the average balance in accounts receivable? c. How many times per year does Sirika Ltd turn over its inventory? d. What would happen to Sirika Ltd's cash conversion cycle if, on average, inventories could be turned over 8 times a year?