Demonstrate an understanding and use the appropriate analytical techniques to be applied to decisions involving the raising of finance, the use of funds or investment projects and the distribution of funds to investors. Based on James, Distributor of foods

James, Distributor of foods

The statements of James a distributor of foods, the year ended 31 December last year are:

Income statement for the year ended 31 December last year
	$000	$000
Sales revenue		820
Cost of sales
Opening inventories	142
Purchases	568
	710
Closing inventories	(166)	(544)
Gross profit		276
Administration expenses		(120)
Distribution expenses		(95)
Operating profit		61
Financial expenses		(32)
Profit before taxation		29
Taxation		(7)
Profit for the year		22
Statement of financial position as at 31 December last year
ASSETS	$000
Non-current assets
Property, plant and equipment	364
Current assets	166
Inventories	264
Trade receivables	24
Cash	454
	818

All purchases and sales on credit. There has been no change in the level of trade receivables or payables over the period.

Calculate the length of the operating cash cycle.

*Must show all the calculations