HMM is looking at the working capital policy. (a) Analyse the need for working capital and calculate the cash conversion cycle for HMM. (b) Analyse the importance of cash conversion cycle for management (c) HMM is being offered a credit policy of 2/10 net 40 by its suppliers. The opportunity cost for HMM is 12%. Analyse the offer and advice whether discount should be taken. HMM is looking at the working capital policy. (a) Analyse the need for working capital and calculate the cash conversion cycle for HMM. (b) Analyse the importance of cash conversion cycle for management (c) HMM is being offered a credit policy of 2/10 net 40 by its suppliers. The opportunity cost for HMM is 12%. Analyse the offer and advice whether discount should be taken