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Exercise 18 The sales and purchases, for fiscal years 2019 and 2020 , of the company AVE ltee are presented in the following table: begin{tabular}{|l|r|r|}
Exercise 18 The sales and purchases, for fiscal years 2019 and 2020 , of the company AVE ltee are presented in the following table: \begin{tabular}{|l|r|r|} \hline & 2019 & 2020 \\ \hline Sales & 12500000S & 13140000S \\ \hline Purchase & 9000000S & 9125000S \\ \hline Stocks & 120000 \\ \hline Average Customer Accounts & 504000 \\ \hline Average Accounts Payable & 400000 \\ \hline \end{tabular} In addition, the company's sales and purchases are made, in their entirety, on credit and its cost of goods sold for fiscal 2020 is $2,400, 000 . N.B: We will consider that the year has 365 days. Work to do 1) Determine the change in the working capital requirement of the company AVE ltee for the 2020 financial year. Show all your calculations and interpret the results obtained
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