Question
4 Due to the Covid-19 Pandemic, the demand for face mask has increased. Therefore, Indah Puteri Berhad one of the suppliers for the local market
4 Due to the Covid-19 Pandemic, the demand for face mask has increased. Therefore, Indah Puteri Berhad one of the suppliers for the local market is currently looking into its working capital policy. The following financial information is available:- INDAH PUTERI BERHAD Sales 70,500,000 Cost of goods sold 58,200,000 Accounts receivable 5,631,000 Inventories 985,200 Accounts payables 8,745,000 Currents assets 24,980,000 Current liabilities 16,398,000 Assume there are 365 days in each year. i) Calculate Average Collection Period (ACP) ii) Calculate Average Age of Inventories (AAI) iii) Calculate Average Payout Period (APP) iv) Calculate Operating Cycle (OC) v) Calculate Cash Conversion Period (CCC)
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