NOU This is a subjective question, hence you have to write your answer in the Test Flek given below. The total sales (all credit) of a firm is Rs.640000, it has a grous profit margin of 15 per cent and current ratio of 25. The firm's current linbilities are Rs.96000; inventories Rs.48000 and cash Rs.16000 a Determine the average inventory to be carried by the firm, if an inventory turnover of times is expected? (Astumea 360-day per year) [4 Marks] b. Determine the average collection period if the opening balanse of debtors is intended to be of Rs.800002 (Atmen 360- day per year) [4 Marks