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Grand Canyon Bhd, a manufacturing entity, has the following balances at 30 April 2021: Extract from financial statements: $000 Trade receivables 216,000 Trade payables 97,000

Grand Canyon Bhd, a manufacturing entity, has the following balances at 30 April 2021:

Extract from financial statements: $000

Trade receivables 216,000

Trade payables 97,000

Revenue (all credit sales) 992,000

Cost of sales 898,000

Purchases in year 641,000

Inventories at 30,000

April 2021:

Raw materials 111,000

Work in progress 63,000

Finished goods 102,000

Required :

Calculate Grand Canyons working capital cycle.

Account receivable turnover

Inventories turnover

Creditors turn over

Working capital turnover

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