Medtronic is a new, rapidly growing firm that produces specializes in pacemaker. They sell to hospitals and other surgical units, and a substantial portion of their sales are to foreign governments. Typical payable terms in the industry are payment with 30 days.

They recently reported the following financial information:

Sales $225,000

Cost of sales 180,000

Inventory 33,000

Accounts receivable 72,000

Accounts payable 30,000

# of Days per year 365

Compute the additional working capital financing period for Medtronic.

Comment on their working capital financing period. What actions might Medtronic take to improve their situation?