Abigail Ltd wishes to evaluate its cash conversion cycle (CCC). Research by one of the firms financial analysts indicates that on average the firm holds items in inventory for 65 days, pays its suppliers 35 days after purchase and collects its receivables after 55 days. The firms annual sales (all on credit) are about GHS 2,100,000, its costs of goods sold represent about 67 percent of sales and purchases represent about 40 percent of cost of goods sold. Assume a 365-day year. Required Calculate the a) Operating Cycle b) Cash Conversion Cycle