Question 8: The following company has sales of $30 million and a cost of goods sold of $18 million. The balance sheet for period ending 31 December 2019 for this company appears below: (8 Marles) Assets 5.000 Liabilities and Shareholder Equity S000 Cash 2500 Accounts Payable 1600 Accounts Receivable 4400 Other Payables 900 Inventory 1500 Accruals 1100 Total Current Assets 8400 Total Current Liabilities 3600 Property Plant and Equipment 10500 Long Term Debt 2500 Total Assets 18900 Total Liabilities 6100 Issued Equity 12800 Total Liability & Shareholder Equity 18900 a. Calculate the company's net working capital in 2019. b. Calculate the company's cash cycle for 2019. C. The industry average for accounts receivable is 28 days. What would this company's cash cycle have been in 2019 if it had matched this industry average for accounts receivable? Comment on this new cash cycle outcome against b. above. Question 9 A division has profit of $10 250, sales of $207 500 and an investment base of $112 500. If the required charge for capital is 14 per cent determine the a profit margin b.asset turnover c. return on investment d. residual income. (6 Marle)