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Question 3 (Max 17) You are reviewing the company's working capital investment for the past three years 2014 2015 2016 2017 Sales (R) 1,850,000 2,405,000
Question 3 (Max 17) You are reviewing the company's working capital investment for the past three years 2014 2015 2016 2017 Sales (R) 1,850,000 2,405,000 1,285,000 1,544,000 Cost of sales (R) 803,000 1,019,500 579,000 1,445,000 Inventory (R) 68,000 83,650 97,750 118,800 Debtors (R) 198,500 158,750 253,010 349,900 Creditors (R) 58.700 90,100 125,690 198,068 Required Caiculate and comment on the cash conversion cycie for the 2015, 2016 and 2017 years 1
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