The following information is available for Ms. XYZ Ltd.: (`. 000)

Average stock of raw materials and stores 400 Average WIP inventory 600 Average finished goods inventory 360 Average accounts receivable 600 Average accounts payable 360 Average raw materials and stores purchase on credit and consumed per day 20 Average WIP value of raw materials committed per day 25 Average cost of goods sold per day 36 Average sales per day 40

You are required to calculate:

(i) Duration of raw material stage

(ii) Duration of WIP stage

(iii) Duration of Finished goods stage

(iv) Duration of accounts receivable stage

(v) Duration of accounts payable stage, and

(vi) Duration of operating cycle.