You have just been appointed Consultant to DMW Inc. to assess the management of the firm's financial affairs. A review of the firm's business cycle reveals that DMW Inc. manufactures a product which typically sits in the warehouse for 20 days before it is sold. The firm takes another 18 days to collect the monies from the sale of this product. In addition, the firm takes 22 days to pay invoices to its suppliers. a) Compute the cash conversion cycle (CCC) for DMW Inc. b) c) d) (2 marks) How should you advise DMW Inc. to manage its CCC, i.e., should the firm lengthen or shorten its CCC? Why? (3 marks) You have also found out that DMW Inc. is given a 30-day credit payment period by its supplier whenever it purchases goods. Discuss DMW Inc's performance in managing its CCC (i.e., has the firm been managing its CCC optimally?). (3 marks) Other than managing the payment to its suppliers, discuss TWO (2) other ways that DMW Inc. could adopt in optimising its cash conversion cycle. (2 marks)