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Question 4 (7 marks) A company shows the following balance sheet as of 31/12/2018 (in '000 $) Fixed assets Inventories Account receivables Cash Total

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Question 4 (7 marks) A company shows the following balance sheet as of 31/12/2018 (in '000 $) Fixed assets Inventories Account receivables Cash Total Assets 28,000 Equity 16,000 Long term debt 6,000 Short term loans Account payable 50,000 Total Liabilities 16,000 4,000 25,000 5,000 50,000 a) Compute its net operating cycle in days, knowing that its sales were 25 million and COGS were 22 million (and a year has 365 days). b) What do you conclude and recommend? (3 marks) (4 marks)

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