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**PLEASE ANSWER ALL SUB-QUESTIONS AND EXPLAIN STEP BY STEP, PLEASE INCLUDE FORMULAE IN CORRECT FORMAT NOT COMPUTED VERSIONS, PLEASE INCLUDE NOMENCLATURE FOR ALL FORMULAE USED.
**PLEASE ANSWER ALL SUB-QUESTIONS AND EXPLAIN STEP BY STEP, PLEASE INCLUDE FORMULAE IN CORRECT FORMAT NOT COMPUTED VERSIONS, PLEASE INCLUDE NOMENCLATURE FOR ALL FORMULAE USED. THANK YOU FOR THE ASSISTANCE! ** PLEASE ANSWER THE ENTIRE QUESTION UNTIL THE END**
2.2 The following data was extracted from the company statements of Whothat Retailers, a clothing retail outlet for the year ended 31 March 2021: Credit purchases R330 000 Credit sales R590 000 R87 500 Opening stock Closing stock Debtors R75 000 R98 500 Creditors R41 000 Required: Calculate the length of the working capital cycle by making use of the ratios, days stock on hand (inventory); debtors collection period (receivables) and creditors (payables) settlement period. (12)
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