resources. (3 marks) (b) Ardent Berhad has an inventory turnover of 5, an average collection period of 35 days, and an average payment period of 30 days. Annual sales are RM5 million, while the cost of goods sold is RM1.5 million. (Note: Use a 365-day year). What is Ardent's operating cycle and cash conversion cycle? (6 marks) Calculate the dollar value of inventory that would appear on the company's Statement of Financial Position at year end. (2 marks) Cash conversion cycle (CCC) is particularly important for companies that carry significant inventory and involve large receivables. Discuss what does a company's CCC represent, and the financial manager's goal with regard to it. (4 marks) (iv) Discuss the types of funding requirements for a business. Explain the funding strategy options that could be used to accommodate the seasonal needs. (6 marks)