Q. No. 3. (a) The following information is available for Swagat L td. Particulars (Rs. Million) Average stock of raw materials and stores 200 Average work-in-process inventory 300 Average finished goods inventory 180 Average accounts receivable 300 Average accounts payable 180 Average raw material and stores purchase on credit and consumed per day 10 Average sales per day 20 Average cost of goods sold per day 18 Average work-in-process value of raw materials 12.5 committed per day You are required to calculate the duration of : (i) Raw material stage (ii) Work-in-progress stage (iii) Finished goods stage (iv) Accounts receivable stage (v) Accounts payable stage and (vi) The operating cycle. OR