6.0 Calculate the average manufacturing period and the average storage period.

We know the following data of the company Perfilados, S.A:

1. It bought and consumed € 105,000 in raw materials for the manufacture of its product and, on average, maintained a stock level of them in the stock of € 9,250. Calculate the average storage period.

Average storage time = (average inventory / cost of annual purchases) x 360 days

Calculation: 9250/105000*365=32.2 days is this right?

2. The cost of its annual production is € 198,000, and the average value of the products under development is € 11,000. Calculate the average manufacturing period.

3. Taking into account that the company exclusively sold all its annual production and that the average value of its stock in the finished goods warehouse was € 18,500, it calculates its average sales period.

Average accounts receivable ÷ (Annual sales ÷ 365 days)

4. Assuming that the company sold its products for an amount of € 290,000 and that the customers had on average a debt with the company of € 17,000, it calculates the average collection period.

Receivables turnover= Sales Revenue/Any accounts receivables

Average Collection Period=365/Receivable turnover