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: Assets Cash Accounts Receivable Inventory Total Current Assets Property Plant and Equipment Total Assets $000 2500 4400 1500 8400 10500 18900 Liabilities and Shareholder Equity $000 Accounts Payable 1600 Other Payables 900 Accruals 1100 Total Current Liabilities 3600 Long Term Debt 2500 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