SECTION C Calculate the operating cash cycle for the last two years for the following business: Distinguishes between the previous and current year figures. Calculate and state with formula the sales, cost, inventory; expenses & profit for a particular year. Calculate and state with formula the assets, trade payables, trade receivables equity and liabilities. Identifies formulas accurately and applies them in calculations. Provides perfect calculations. Last year (R.O) This year (R.O) Sales revenue 3,500,000 3,800,000 Cost of sales Opening inventory 200,000 240,000 Purchases 950,000 1,080,000 Closing inventory (240,000) (910,000) (320,000) (1,000,000) Gross profit 2,590,000 2,800,000 Expenses (1,200,000) (1,500,000) Profit for the year 1.390,000 1.300,000 Assets Last year (R.O) This year (R.O) Non current assets 1,345,000 1,750,000 Current assets Inventory 240,000 320,000 Trade receivables 560,000 620,000 Cash at bank 215.000 95,000 Total assets 2.360,000 2,785,000 Equity Share capital 1,000,000 1,000,000 Retained Earnings 1,160,000 1,560,000 Non current liabilities 50,000 80,000 Current liabilities Trade payables 150,000 145,000 Total equity & 2,360,000 2.785,000 liabilities