Posted by: Pdfprep
Post Date: May 9, 2021
CORRECT TEXT
AAA has the following working capital ratios at 30 March 20X4:
During the year ended 30 March 20X4 credit purchases were $3,600 and at 30 March 20X4 the outstanding trade payables amounted to $522.
The year ended 30 March 20X4 was not a leap year.
Calculate the working capital cycle for AA
A . Give your answer to one decimal place.
Answer: 26.2 Days
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