Calculate number of operating cycles in a year from the information given below: Raw material inventory consumed during the year 6,00,000 Average…

Calculate number of operating cycles in a year from the information given below: Raw material inventory consumed during the year 6,00,000 Average stock of raw material 41,667 Work-in-progress holding period 18 days Finished Goods storage period 25 days Average collection period from debtors 45 days Average credit period availed 30 days No. of days in a year 360 days