Following information is forecasted by the Puja Limited for the year ending 31st March, 2025: Balance as at 1st April, 20X6 (₹) Balance as at 31st…

Following information is forecasted by the Puja Limited for the year ending 31st March, 2025: Balance as at 1st April, 20X6 (₹) Balance as at 31st March, 20X7 (₹) Raw Material 45,000 65,356 Work-in-progress 35,000 51,300 Finished goods 60,181 70,175 Debtors 1,12,123 1,35,000 Creditors 50,079 70,469 Annual purchases of raw material (all credit) 4,00,000 Annual cost of production 7,50,000 Annual cost of goods sold 9,15,000 Annual operating cost 9,50,000 Annual sales (all credit) 11,00,000 You may take one year as equal to 365 days. You are required to CALCULATE: (ii) Number of operating cycles in the year.