QUESTION 2: The Cristo Candy Corporation carries an average balance of inventory equal to R400 000. The Co. average cost of sales is R4.5 million. The Company generally caries an amount of receivables equal to R80 000, and its annual credit sales equal R2.4million. At any point in time, the Company generally owes its suppliers R180 000. The company's average credit purchases is R2.52million. REQUIRED a. Calculate Average age of inventory. b. Calculate the Average Collection period. C. Calculate the Average payment period. d. Calculate the Operating Cycle. e. Calculate the Cash Conversion Cycle