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how do I work out c Extract nancial information from Lappa Plc's 2020 annual report is shown below: Income Statement for the Year-Ending 31t December

how do I work out c

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Extract nancial information from Lappa Plc's 2020 annual report is shown below: Income Statement for the Year-Ending 31\"t December 2020 2019 000 9000 Revenue 7,000 5,9 80 Gross Prot 2,150 2,040 Operating Prot 1,540 1.8?0 Interest Payable 120 105 Taxation 284 353 Dividends 90 100 Statement of Financial Position as at 319' December 2020 2019 6'000 (-2'000 Assets Land and Buildings 10,260 9,350 Equipment and Fittings 2,550 2,140 Inventories 2,000 1,050 Trade Receivables 1,860 920 Cash 50 200 Equity and Liabilities Share Capital (0.80 nominal value) 6,000 6,000 Retained Earnings 2,120 1,0 74 Long-term Barrondngs 3,000 3,000 Trade Payables 2,100 1,410 Bank Overdra 3,380 2,026 Dividend Payable 120 150 REQUIRED: 3) Calculate the length of the working capital cycle (WCC) in days for Lappa Pie in 2020 m 2019 (Round gures to the nearest whole number). (5 marks} Question 2 Continues on the Next Page.. .. Question 2 Continued. b) Briey comment on the working capital position of Lappa Pic over the two-year period and make three Q] suggestions that would improve the working capital management of the company. (8 marks) c) Calculate the amount of nance that Lappa Plc could generate by reducing its 2020 investment in trade receivables into line with the industry average. The industry average receivables days is 30 (Round your answer to two decimal places). (6 marks)

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