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Consider the following data and find answers to the following questions. Particulars Amount OMR Cost of goods sold 10,00,000 Credit sales 600,000 Credit purchases 300,000

Consider the following data and find answers to the following questions.

Particulars

Amount

OMR

Cost of goods sold

10,00,000

Credit sales

600,000

Credit purchases

300,000

Opening creditors

55,000

Opening debtors

80,000

Opening inventory

32,000

Closing inventory

90,000

Closing creditors

45,000

Closing debtors

120,000

1. What is the Average Inventory Conversion Period?

20.26 DAYS

18.26 DAYS

22.26 DAYS

12.26 DAYS

2. What is the Average Receivables Collection Period?

608.3 DAYS

60.83 DAYS

6.83 DAYS

22.26 DAYS

3. What is the Average Payment Period?

6.83 DAYS

90.83 DAYS

22.26 DAYS

60.83 DAYS

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