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18. Esther Limited is a small manufacturing company that trades with all its customers and suppliers on credit. The following figures are drawn from
18. Esther Limited is a small manufacturing company that trades with all its customers and suppliers on credit. The following figures are drawn from Esther Limited's financial statements for the year ended 31 October 2020: Sales for the year to 31 October 2020: 1,095,000 Cost of sales for the year to 31 October 2020: 693,500 Inventory at 31 October 2020: 91,200 Trade receivables at 31 October 2020: 105,000 Trade payables at 31 October 2020: 95,000 What is Esther Limited's cash conversion cycle?
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
