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5. Kakl-Pee Itd has provided you with the following data regarding next year's budget that has just been presented to the board by the Financial Controller of the company. Basic data Budgeted average amount to be outstanding GH 340,000 180,000 150,000 10 priceps 300,000 Ayit Bra (211,200) 631.500 Stock: Raw Materials Work-in-progress Finished goods Debtors Creditors Budgeted average working capitai 4 ~ kb The following daily averages are available GH Sales 4,620 Cost of sales 3,600 Purchases 1,920 You are required to compute the working capital cycle based on the above data and advice management on each stage of the cycle. 10 marks