MIM Inc. is small company that manufactures and distributes toys for children. The combanv has estimated the following figures for the coming vear: Material costs represent \50 of the total cost of sales. Required a) Calculate the cash operating cycle, to the nearest day. (7marks) b) Suggest four methods of reducing the length of the cash operating cycle. (8marks) c) As an assistant financial manager, draft a report on behalf of the financial manager that outlines: i. How a credit control department might function; ii. The benefits of factoring (10marks)