Please answer in point form and think a mark per point.

1. Discuss the cash conversion cycle and use numbers to show how the math works. [5 Marks]

1. Discuss the pros and cons of debt and equity funding. [5 Marks]

1. Discuss the concept of operating leverage and why it is important for managers to understand the concept. [5 Marks]

1. Discuss the key principles of value creation in a business. [5 Marks]