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In its latest annual financial statements, Vulombe Ltd reflects sales of R 6 0 million, all of which are on credit. The gross profit percentage
In its latest annual financial statements, Vulombe Ltd reflects sales of R million, all of which are on credit. The gross profit percentage was
Current assets of R million comprised of inventory of R million and accounts receivable of R million. Accounts payable was R million.
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Determine the working capital cycle of the company, based on a day year.
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