The following information relates to Gyato Limited for the previous period: GHC Credit sales Cost of sales 280,000 126,000 Current assets (inventory and trade receivables only) Current liabilities (trade payable and an overdraft only) Not known Not known Inventory period 1.5 months Trade receivable period 1.5 months Trade receivable period 1 month Interest on overdraft 5% per month 1.4 times Current ratio Cost of financing net working capital 8% 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. The following information relates to Gyato Limited for the previous period: GHC Credit sales Cost of sales 280,000 126,000 Current assets (inventory and trade receivables only) Current liabilities (trade payable and an overdraft only) Not known Not known Inventory period 1.5 months Trade receivable period 1.5 months Trade receivable period 1 month Interest on overdraft 5% per month 1.4 times Current ratio Cost of financing net working capital 8% 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