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Question Two a)The following information is from Zindaba's SME's 2020 income statement and balance sheet. Sales 100,000 Cost of Sales 80,000 Accounts Receivable 30,000 Inventory

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Question Two a)The following information is from Zindaba's SME's 2020 income statement and balance sheet. Sales 100,000 Cost of Sales 80,000 Accounts Receivable 30,000 Inventory 15,000 Accounts Payable 40,000 You are required to use the above information to calculate the cash conversion cycle CCC. 12 marks b) Explain clearly the meaning of Zindaba's cash conversion cycle CCC that you have calculated above 5 marks

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