Cash Management and Credit Policy Question Interpret the following results for a company: Receivables turnover = 7.4 times (1 mark) Receivables period = 61 days (1 mark) Payables turnover = 9.3 times (1 mark) Payables period = 40 days (1 mark) Operating cycle = 90 days (3 marks) Cash Cycle = 132 days (3 marks) Guidance: – You can check with the recommended book for this assignment. – Show complete calculations and all formula where required. – Make sure that you publish the Assignment before scheduled date. No assignment will be accepted through E mail after the due particular date. – Cheating or copying of assignment is strictly forbidden; No credit will be given to copied project. – Review the cash management and credit policy carefully to do the task.