The credit controller of Bupi Ltd has established the following data relating to the business working capital cycle: Description Cash cycle days Raw material delivery to 60 completed goods Completed goods to 30 credit sales Debtors' collection 90 period Credit payment period 40 for raw materials 3.1) Calculate the period for which financing of working capital is required. 3.2) Identify three strategies which the company could use to reduce the period for which financing is required. (6) [11]