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8: Debtor/Creditor Days: Recycle Ltd has the following average balances: Stock 180,000 Trade Debtors 250,000 Trade Creditors 270,000 Stock is valued at purchase price which
8: Debtor/Creditor Days: Recycle Ltd has the following average balances: Stock 180,000 Trade Debtors 250,000 Trade Creditors 270,000 Stock is valued at purchase price which is 60 per unit, all purchased on credit. Annual Sales, all on credit, are 36,500 units at a selling price of 100 per unit. What is the average number of days between cash outflow and cash inflow in Recycle Ltd's working capital management process
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