13.32 Managing trade creditors + LO1, 5 Toowong Ltd has been growing relatively slowly in a mature industry. Its trade creditor and credit sales data for the last five years (in $ million) are shown below. Item 2017 2018 2019 2020 2021 Trade creditors Credit purchases 190 205 251 297 345 2103 2290 2413 2505 2670 Required (a) Compute the creditors turnover for Toowong Ltd's trade creditors for the last four years. (b) What does this ratio trend tell you about the company? 13.33 Arranging short-term finance **LO5 Advantage Tennis Coaching (ATC) in Brisbane offers coaching for junior, elite and mature tennis players. Nicholas Cash, the sole proprietor, has identified that the business cycle will be seasonal, with most activities in the spring and summer months. As a result, he is predicting that net working capital will be negative from the beginning of April to the end of September. Nicholas arranges with his bank for funds to finance net working capital during this period. He requires 180-day money and about $60 000. His bank offers commercial bills at 5 per cent yield, including fees. Required (a) How much does ATC receive? (b) How much must the business repay?