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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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