QUESTION $3$

For a company the following are given:

The average value of

Raw material inventory:

in Rand

Work in progress

$38356$

Finished goods

$102740$

Debtors

$61644$

Creditors

$219178$

$57534$

For the year $(365$ days$)$ the following was:

Sales

in Rand

Cost of Goods Sold

$2000000$

Raw material purchased

$1500000$

$700000$

REQUIRED

Calculate the length of the following cycles:

Raw material cycle

Production cycle

Finished goods cycle

Customer credit period

Suppliers credit period

Net working capital cycle.