please answer this whole question as it all under 1 question

Question 2 Lotus Bhd. is a well-known confectionary manufacturer and it is the company's policy to sell its products within a period of 40 days to preserve the freshness of products sold to its customers. Moreover, the company offers a credit period of 30 days to its customers for sales made on credit while receives a credit period of 90 days from its suppliers for purchases made on credit. Besides, the average cash conversion cycle of its competitors in the similar industry is 35 days. Assume there are 365 days in a year. The extract of financial information of the company for year 2020 is as follows: ITEMS Revenue Cost of Goods Sold Inventories Trade Receivables Trade Payables RM 880,000 320,000 45,000 104,000 93,000 (a) Based on the financial information above, compute the following financial ratios for year 2020: (0) Inventory Turnover Period; (2 marks) Receivables Collection Period; (2 marks) Payables Deferral Period, (2 marks) (b) Based on your answers in part (a) above, compute the cash conversion cycle of the company. (1 mark) Based on your answers in part (a) and (b) above, analyse the financial performance of the company in terms of working capital management from the following aspects: (e) (1) Inventory Turnover Period: (4 marks) (ii) Receivables Collection Period: (4 marks) Payables Deferral Period: (4 marks) (iv) Cash Conversion Cycle. (3 marks) (d) Based on your answers in part (e) above, suggest any THREE (3) solutions to improve the working capital management of the company. (3 marks) [Total: 25 marks]