QUESTION 14 Achiesco Enterprise Trading and profit and loss account for the year ended 31st December 2003 Sales 126,500 Les cost of sales Opening Hock 3.000 Purchases 99,850 Carriage was 4. 101 850 10250 Les closing stock 12.500 6.750 Grow profil 30,150 Rent receivable 2.000 Wipes and salaries 9.00 Rent and 7.300 Bad debts writen off 3.000 Mortgage interest Provision for doublebts 550 Depreciation premises 3.000 Depreciation-plast 1.800 29.150 Net pole Fixed assets Achiesco Enterprise Balance Sheet at 31st December, 2003 Cest Depreciation Netbook value 100.000 1800 4.100 11.40 18.00 21.00 Plantat cost Curret Debtors Les provision 27.500 so 26.950 200 39.750 Prepayments Current liabilities Credits Accruals Bankovesdratt 16.000 3.700 18950 38.650 Netcut 1.100 Long-term liabilities Mortgage 30.000 58.00 Financed by Capital Add set of 3.000 Less drawings 25.000 You are required to compute operation cash conversion cycle for Achiesco Enterprise (20 marks)