Question four (25 marks) a) Briefly discuss three strategies for managing the cash conversion cycle (10 Marks) b) You have provided with the following data for a company that has operations in five counties in Kenya. Assume that you have been provided with the following data for ABC Company Limited Annual sales=Sh. 20 Million Cost of sales=70% of sales (All sales are on credit) Purchases 50 % of cost of sales Furthermore, you have also been provided with the following: Inventory conversion period -60 days Average Collection Period:40 days Average Account payables Period= 35 days Required: () Compute the Operating and Cash conversion cycle (5 marks) () Compute the amount of resources the company has invested in this cash Conversion Cycle (10 Marks)