QUESTION 4 (20 Marks) 4.1 REQUIRED Use the following information to calculate the cash conversion cycle of Bosonic Ltd at the end of its first year of operations. (Use 360 days in your calculations.) (7 marks) INFORMATION Bosonic Ltd commenced business on 02 January 2022 and at the end of the first year of operations it had sales of R 1656000 , cost of sales of R1 188000 and an inventory turnover of 36 times. R180 000 was owed to Bosonic Ltd for credit sales and R50 400 was owed for credit purchases on 31 December 2022. All the sales were on credit and the credit purchases amounted to R594 000. INFORMATION The following is an extract from the accounting records of Malvern Traders on 28 February 2023 after necessary year-end adjustments were made: Additional information that must be considered: - According to the Statement of Comprehensive Income the net profit for the year ended 28 February 2023 amounted to R1 080000