The current assets and current liabilities of CNC Co at the end of March 2014 are as follows:\

$000$000

\ Inventory 5,700\ Trade receivables

8_(,)575_(14),275

\ Trade payables 2,137\ Overdraft

4_(,)682_(6)_(,)819_()

\ Net current assets

7,456_()

\ For the year to the end of March 2014, CNC Co had domestic and foreign sales of

$40

million, all on credit, while the cost of sales was

$26

million. Trade payables related to\ both domestic and foreign suppliers.\ For the year to the end of March 2015, CNC Co has forecast that credit sales will remain at

$40

million while the cost of sales will fall to

60%

of sales. The company expects\ current assets to consist of inventory and trade receivables and current liabilities to consist of trade payables and the company's overdraft.\ CNC Co also plans to achieve the following target working capital ratio values for the year to the end of March 2015:\ Inventory days: 60 days\ Trade receivables days: 75 days\ Trade payables days: 55 days\ Current ratio:

1*4

times

For the year to the end of March 2014, CNC Co had domestic and foreign sales of $40 million, all on credit, while the cost of sales was $26 million. Trade payables related to oth domestic and foreign suppliers. For the year to the end of March 2015, CNC Co has forecast that credit sales will remain at $40 million while the cost of sales will fall to 60% of sales. The company expects current assets to consist of inventory and trade receivables and current liabilities to consist of trade payables and the company's overdraft. CNC Co also plans to achieve the following target working capital ratio values for the year to the end of March 2015: inventory days: 60 days Trade receivables days: 75 days Trade payables days: 55 days Current ratio: 1.4 times