Mr. Omar is a Financial Manager of an Omani industrial company located in Muscat that has another three different branches in the Omani Market. The head company besides other branches are dealing with many suppliers and many customers on a daily bases, Mr. Omar wants to evaluate the working capital in all branches for the year 2020 in order to improve the operating performance of the company and make suitable and needed decisions based on results as well as he will need some calculations with regard to the cash conversion cycle of each branch and evaluate different elements in the operating cycle so that will enable him to manage the working capital properly and improve the over whole performance in future. The Financial statements of the head company in Muscat shows a Net Sales of OMR 3.305,000, Beginning Inventory of OMR 400,000, Ending Inventory OMR 220,000, Average A/R are OMR 410,000, Average A/P are OMR 320,000, the costs of goods sold equals to OMR 1,900,000 and Net purchases are 70% of costs of goods sold. you are working in the financial department of the company and you have been assigned and two of your colleagues to assist the financial manager with regard of all needed data and information from other different departments such as warehouse, production and sales of all branches that are located in Selatah. Nizwa, Sohar to smooth and accelerate the process of managing the working capital; the following will be some issues you need to solve so you can provide accurate report to the financial manager: If the sales of all branches of the company are OMR 6,000,000 and the average debtors are OMR 738,630, then the receivables turnover is: O a 44.93 days b. 46.23 days O 90.12 days Od 45.66 days Sohar branch has a number of days of payables of 90 days and the average accounts payable is OMR 100,000. Calculate the net purchases? a OMR 40.556 b. OMR 405,556 O COMR 40,000 O d. OMR 400,000 If niet sales of the head company in Muscat declined by OMR 800,000 and the average A/R increased by 10% next year based on the market expectations, what will be the Average receivable collection period? O a. 5955 days 6.453 days O c. 65.71 days O d. 53.77 days Nizwa branch has an average inventory corwersion period of 60 days and cost of goods sold is OMR 500,000. With better inventory management, the average inventory conversion period is decreased to 40 days, this would result in O a. Increase in inventory by OMR 27,397 O b. Decrease in inventory by OMR 27,397 O Decrease in cost of goods sold d. Increase in cost of goods sold