Question 2 [20 Marks] a. The table below gives information extracted from the annual financial statements of Management ple for the past year. Management ple - Extracts from annual accounts Inventories: raw materials P108,000 work in progress P75,600 finished goods P86,400 Purchases of raw materials P518,400 Cost of production P675,000 Cost of goods sold P756,000 Sales P864,000 Receivables P172,800 Payables P $6,400 Calculate the length of the operating cycle (assuming 365 days in the year). (12 marks) b. Highlight four problems with the use of financial ratios as a measure of performance measurement for an orgnisation. (8 marks)