Tragh Caleutater Beach Pad Zorg Co is a specialet foot manufacturer and has experienced high growth in the past few years. Last year's growth in sales volume of 20% is expected to continue into the next year, Extracts from Zorg Co's latest financial statements for the year just ended are as follows Sm Revenue 21.2 Cost of sales 18.3 Current assets: Inventory 2.4 Trade receivables 2.9 Current liabilities: Bank overdraft 0.3 2.0 Trade payables The majority of Zorg Co's inventory is work in progress as most of its production is made to customer order and minimal levels of raw materials are held Credit purchases from its trade suppliers totalled $16m for the year just ended and on average it pays its suppliers after 45 days, rather than 30 days which is the credit terms offered by the suppliers. Purchases and inventory levels grow in line with sales volume. Zorg Co is forecasting its working capital requirements for the next year and the following changes are expected: (1) Customers are currently taking 50 days on average to pay but Zorg Co is to implement plans over the next year to reduce this by 10 days i (2) Zorg Co is being forced by its suppliers to pay according to their terms which will result in Zorg Co's average payable days being reduced to 30 days (3) The bank overdraft is forecast to increase by $0.9m by the end of the next year Note: Assume 365 days a year in all calculations. 33 C What is the forecast cash operating cycle for next year to the nearest day days V