Four Roses Pty Ltd provides you with the following information as well: 40% profit margin policy. Offers 30 days credit and uses a 365-day year. 60% of its customers settle in the month after purchase. Remaining customers take an additional month of credit. Inventory is expected to increase by R522 500 during the month of January 2024. Plans to settle 70% of its trade payables in the month of January 2022 and the balance at the end of February 2024. All the companys suppliers require settlement within 30 days. Purchases on credit in the month of January 2024 are forecasted as R2 500 000. Interest on overdraft worth R700 000 is due in January 2024. The finance manager forecast that Januarys operating cash outflows to amount to R1 465 000. The finance manager informs you that Four Roses Pty Ltd has no cash and is depending on a bank overdraft. The overdraft is utilised to finance daily operations. As far as they are concerned, the company has no plans to raise long term funds in the month of January 2024. BBA2_FM_ASG_2023 Regenesys Business School 3 You are required to: a. Calculate: i. Four Roses Pty Ltds cash operating cycle at the beginning of January 2024. Round off days to nearest day. (10) ii. Four Roses Pty Ltds current ratios at the beginning and end of January 2024. (10) b. Appraise and recommend five ways or strategies to manage trade receivables you would provide to the Four Roses Pty Ltds finance manager.