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Koch Engineering plc has produced the following information for its most recent financial year: (Click here to view the financial data.) Following a review
Koch Engineering plc has produced the following information for its most recent financial year: (Click here to view the financial data.) Following a review of the working capital investment of the business, it was decided that liquidity could be improved if the following changes were made: 1. An decrease in the average settlement period for trade receivables to 35 days. 2. An increase in the average settlement period for trade payables to 50 days. 3. A decrease in the average inventories turnover period to 55 days. Calculate the extra cash that the business should generate by implementing each of the proposed changes. (Enter the answes in m, round to one decimal place.) Trade receivables = m Trade payables = m Inventories = m
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