a) Define Net Working Capital. Why is working capital management important? (S marks) b) How are customers and suppliers affected by a firm's working capital management c) How do the following circumstances affect the cash conversion cycle: decisions? (5 marks) i) Favorable credit terms allow the firm to pay its accounts payable slower. ii) Inventory turnover increases and iii) Accounts receivable turnover decreases 5 marks 5 marks d) Explain what a negative cash conversion cycle means