(i)(The Pororo Shoe Store had sales last year of RM95,000,000 based upon a cost of goods sold of RM65,000,000. Pororo also has inventory, accounts receivable, and accounts payable of RM12,000,000, RM14,500,000, and RM16,000,000, respectively.)

a) What is Pororos average age of inventory?(5 markah/marks)

b) What is Pororos average collection period?(4 markah/marks)

c) What is Pororos average payment period?(4 markah/marks)

d) What is Pororos cash conversion cycle period?(8 markah/marks)

(ii)List and briefly explain any two types of inventory cost.