Question
From the following information taken from the books of a manufacturing concern, compute the operating cycle in days: Period covered = 365 days Average period
From the following information taken from the books of a manufacturing concern, compute the operating cycle in days:
Period covered = 365 days
Average period of credit allowed by suppliers = 16 days
ParticularsRs. '000Average of total debtors outstanding480Raw materials consumption4,400Total production cost10,000Total cost of sales10,500Sale for the year16,500Value of average stock maintained:
Raw materials
Work-in-progress
Finished goods
320
350
260
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
