QUESTION 1 [25 MARKS Obonye (PTY) Ltd reported a P2,000.00 beginning inventory and P5,000.00 ending inventory for the financial year ended 2019 with P50,000.00 cost of goods sold. The company also reported beginning accounts receivables at P6,000.00 and P8,000.00 ending accounts receivable for the same year with credit sales of P12,0000.00. The same company posted P3,000.00 beginning accounts payable and P7, 000.00 ending accounts payable for the same year. Required: a. Calculate each of the following i. Days inventory outstanding. Days sales outstanding. Days payables outstanding. iv. Cash conversion cycle. b. Explain five ways of improving the cash conversion cycle. (4 marks) (4 marks) (4 marks) (3 marks) (10 marks)