Year 2) 27,000 18,000 24,000 Illustration 4: From the following data, compute the duration of the operating cycle for each of years: Yearl (*) Stock: 20,000 Raw materials 14,000 Work-in-progress 21,000 Finished goods 96,000 Purchases 1,40,000 Cost of goods sold 1,60,000 Sales 32,000 Debtors 16,000 Creditors Assume 360 days per year for computational purposes. 1,35,000 1,80,000 2,00,000 50,000 18,000