please solve correctly

Income statement for the year ended 31 March, 2019 2018 OMR 2,240,000 2019 OMR 2,681,000 Net sales (1,745,000) (2,272,000) Cost of goods sold Gross profit 495,000 409,000 Operating expenses (252,000) (362,000) Operating profit 243,000 47,000 Interest paid (18,000) (32,000) 225,000 15,000 Profit before taxation Taxation (60,000) (4,000) Net Profit 165,000 11,000 Notes: 1. The market value of the shares of the business at the end of the reporting period was OMR 2.50 for 2018 and OMR 1.50 for 2019. 2. All sales and purchases are made on credit. 3. The cost of goods sold figure can be analyzed as follows: 2018 2019 OMR OMR Opening inventory 241,000 300.000 Purchases 1,804,000 2,378,000 2,045,000 2,678,000 Closing (300,000) (406,000) inventories Cost of goods sold 1,745,000 2,272.000 4. At 31 March 2017, the trade receivables stood at OMR 223,000 and the trade payables at OMR 183,000. 5. A dividend of OMR 40,000 had been paid to the shareholders in respect of each of the years. Required: A. Compute the number of days in the cash conversion cycle for each year. (2 marks) B. Did the company manage cash more effectively in the current year? Explain. (1 mark) Income statement for the year ended 31 March, 2019 2018 OMR 2,240,000 2019 OMR 2,681,000 Net sales (1,745,000) (2,272,000) Cost of goods sold Gross profit 495,000 409,000 Operating expenses (252,000) (362,000) Operating profit 243,000 47,000 Interest paid (18,000) (32,000) 225,000 15,000 Profit before taxation Taxation (60,000) (4,000) Net Profit 165,000 11,000 Notes: 1. The market value of the shares of the business at the end of the reporting period was OMR 2.50 for 2018 and OMR 1.50 for 2019. 2. All sales and purchases are made on credit. 3. The cost of goods sold figure can be analyzed as follows: 2018 2019 OMR OMR Opening inventory 241,000 300.000 Purchases 1,804,000 2,378,000 2,045,000 2,678,000 Closing (300,000) (406,000) inventories Cost of goods sold 1,745,000 2,272.000 4. At 31 March 2017, the trade receivables stood at OMR 223,000 and the trade payables at OMR 183,000. 5. A dividend of OMR 40,000 had been paid to the shareholders in respect of each of the years. Required: A. Compute the number of days in the cash conversion cycle for each year. (2 marks) B. Did the company manage cash more effectively in the current year? Explain. (1 mark)