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1) You had the following data from the financial statements of Al-Wadi Company at the end of the fiscal year 2010-2011: credit accounts balance 420000

1) You had the following data from the financial statements of Al-Wadi Company at the end of the fiscal year 2010-2011: credit accounts balance 420000 riyals, cost of sales 14 million riyals, inventory balance 4 million riyals, debtors balance 2800000 riyals, value of forward sales 22 million riyals. Required : I. Calculate the cash transformation cycle in this company II. Estimate the size of accounts payable, which makes the cash transfer period 30 days.

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