Compute:

1. Days Inventory Outstanding (DIO) 

2. Days Sales Outstanding (DSO)

3. Days Payables Outstanding (DPO)

4. Cash Conversion Cycle (CCC)

 

in N'000'000	Historical Data
	FY 2018	FY 2019	FY 2020
Days in Period	365	365	366
Sales	80,552	74,336	66,992
Growth %		-7.7%	-9.9%
Cost of Goods Sold	56,097	57,235	58,370
As % of Sales	69.64%	76.99%	87.13%
Inventory
Opening Balance	28,709	26,039	28,599
Closing Balance	26,039	28,599	26,258
Trade Receivables
Opening Balance	7,162	8,126	9,612
Closing Balance	8,126	9,612	5,538
Trade Payables
Opening Balance	5,430	2,585	3,546
Closing Balance	2,585	3,546	1,977