questions 1-3 of part 1 and 4 of part 2

Part 1 The (partial) financial statements of The Beanery Ltd. a distributor of coffee beans and accessories, for the year ended 31 December last year are: Income statement for the year ended 31 December last year Rolavane halnnre chant item at 21 nanduhar Required: 1. What is the firm's cash conversion cycle. 2. How much resources are needed to support this cash conversion cycle? 3. If the firm can decrease the inventory turnover period by 7 days, what will be the effect on profit? The company pays 13% for its resource investment. Part 2 Moonshine company has two invoices, both dated at August 25, that need to be paid. The company's cost of short-term financing is 14% and the credit ferms for the two invoices are as follows. 1. 2/12 net 60EOM 2. 2,5/10 net 55 date of invoice Required: 4. Calculate the cost of giving up the discount for invoice 2 and indicate if Moonshine company should give up the cash discount or not