Question 3 25 Calculate the operating cash cycle for the last two years for the following business: Distinguishes between the previous and current year figures. Analyses sales, cost, inventory: expenses & profit for a particular year. Analyses types of assets, trade payables, trade receivables equity and liabilities. Identifies formulas accurately and applies them in calculations Provides perfect calculations. This year () Last year () 3,500,000 3,800,000 Sales revenue Cost of sales Opening inventory Purchases Closing inventory Gross profit Expenses Profit for the year 200,000 950,000 (240.000) 240,000 1,080,000 (320,000) 1910.000) 2,590,000 (1.200.000) 1.390.000 (1,000,000) 2,800,000 (1.500,000) 1.300.000 Last year () 1,345,000 This year () 1,750,000 240,000 560,000 215,000 2.360.000 320,000 620,000 95.000 2.785,000 Assets Non current assets Current assets Inventory Trade receivables Cash at bank Total assets Equity Share capital Retained Earnings Non current liabilities Current liabilities Trade payables Total equity & liabilities 1,000,000 1,160,000 50,000 1,000,000 1,560,000 80,000 150,000 2.360.000 145.000 2.785.000