Zoe Ltd manufactures and sells garden furniture in the Sydney Eastern suburbs. Their inventory turnover is 6 times. Their days in accounts receivable 45.625 days. Non-current assets are $620,000. Zoe has no non-current liabilities. Current assets are $280,000, which includes cash of $105,000. The current ratio is 2 times. Current liabilities are represented by the accounts payable. The income statement records credit sales of $600,000, COGS of $450,000 and operating expenses of $70,000. Required: 1. What is Zoe Ltd's Cash Conversion Cycle? (8 marks) Path: p Font family Font size Paragraph 2. Explain in your own words the meaning of this Cash Conversation Cycle (2 marks) Path: p Font family Font size Paragraph Words:0 Words:0