(20 Marks) 1.1 REQUIRED Use the information provided below to calculate the working capital cycle of Dialog Limited (answer expressed to two decimal places). (7 marks) INFORMATION Excerpts of financial statements of Dialog Limited for 2018 are as follows: Statement of Comprehensive Income for the year ended 31 December 2018 R Sales (50% credit) Cost of sales Purchases (50% credit) 5 880 000 (4 704 000 4 536 000 Statement of Financial Position as at 31 December 2018 R Assets Inventories Accounts receivable Cash 360 000 336 000 42 000 Current liabilities Accounts payable 168 000 1.2 REQUIRED Use the percentage-of-sales method to determine the increase in the net working capital requirements of Lendl Suppliers for 2019. (7 marks) INFORMATION The following information was extracted from the financial statements of Lendl Suppliers for the financial year ended 31 December 2018. R Financial assets: Investment in shares Sales 200 000 1 728 000 518 400 86 400 Debtors 604 800 Accruals Inventory Cash and cash equivalents Long-term loan Creditors 103 680 500 000 311 040 The sales forecast of Lendl Suppliers for 2019 is R2 500 000