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(C). Al Marai company is planning to have a better working capital management. For this purpose, it needs to do certain calculations to know its performance and take improvement actions. The Company's Stores, Finance and Sales departments have provided the following details for making such calculations: Total Sales ......... ............. OMR 720,000_(25% of Sales are Cash sales) Total Purchases.... OMR 600.000 (70% of Purchases are Credit Purchases) Average Accounts Receivables.. OMR 154,000 Average inventory. OMR 125.000 Average Accounts Payables...... OMR 115,000 Cost of goods sold.............. OMR 234,000 The Al Marai Company needs the following amounts for its decision making: (1) The Average length of the time required to convert its receivables into cash (ii) The Average length of the time required to convert its raw materials into finished goods and then to sell those goods (iii) Average length of the time between the purchase of raw materials and labor and the payment of cash for them (iv) Cash Conversion cycle Requirement: As a student of Financial Management, you are requested to help Al Marai Company by calculating the above amounts. (4 Marks) (C). Al Marai company is planning to have a better working capital management. For this purpose, it needs to do certain calculations to know its performance and take improvement actions. The Company's Stores, Finance and Sales departments have provided the following details for making such calculations: Total Sales ......... ............. OMR 720,000_(25% of Sales are Cash sales) Total Purchases.... OMR 600.000 (70% of Purchases are Credit Purchases) Average Accounts Receivables.. OMR 154,000 Average inventory. OMR 125.000 Average Accounts Payables...... OMR 115,000 Cost of goods sold.............. OMR 234,000 The Al Marai Company needs the following amounts for its decision making: (1) The Average length of the time required to convert its receivables into cash (ii) The Average length of the time required to convert its raw materials into finished goods and then to sell those goods (iii) Average length of the time between the purchase of raw materials and labor and the payment of cash for them (iv) Cash Conversion cycle Requirement: As a student of Financial Management, you are requested to help Al Marai Company by calculating the above amounts. (4 Marks)