The following information relates to Gyato Limited for the previous period.

Credit sales $280,000$

Cost of sales $126000$

Current assets$($inventory and trade receivable only $)$ Not known

Current Liabilities $($trafe payable and an overfraft only$)$ Not known

Inventory period $1\mathrm{.}5$ months

Trade receivable period $1\mathrm{.}5$ months

Trade receivable period $1$ month

Interest on overdraft

$5\%$ per month

Current ratio

Cost of financing net working capital

You are required to:

a$.$ Calculate each of the period

i$.$ Inventory period $($in day$)$

ii$.$ Trade receivables period $($in day$)$

iii. Trade payables period $($in day$)$

iv$.$ Current assets

v$.$ Current liabilities

vi$.$ Overdraft

vii. Net working capital

b$.$ Calculate the total cost of financing current assets

c$.$ Describe the ways in which the company can reduce its over draft by working capital management