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show all workinsd CXG is a food distribution business in K-Land, where the local currency is the K$. The company is reviewing its working capital
show all workinsd
CXG is a food distribution business in K-Land, where the local currency is the K$. The company is reviewing its working capital cycle. You are the Finance Manager of CXG and need to calculate the working capital cycle based on the following information: Purchases Opening Payables Closing Payables Average Inventory Days Average Receivables Times KS 7,500,000 KS 650,000 K$ 703,545 28 8.9 X Calculate the working capital cycle for CXG. Round to the nearest whole number. Do not include symbols, commas or letters in your responseStep by Step Solution
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