Question 13 (4 points) You have been asked by the CFO to prepare an analysis of Zhang Ltd's working capital management for the board of directors. The company reported the following information in the last financial year. $115,000 Zhang Ltd. Balance sheet As at June 31, 2020 Assets Liabilities Cash and cash $25,000 Account payables equivalent Account receivables $98,000 Inventories $92,000 Net sales Cost of sales $450,000 $350,000 Required: A - Calculate Zhang's operating cycle. Briefly comment on the company's operating cycle. B - Calculate Zhang's Cash conversion cycle. Briefly comment on the company's cash conversion cycle