Question
The following data relate to a manufacturing company during 2003-2004: Credit sales - RM450,000; Credit purchase RM380,000; Finished Inventory RM90,000; Cost of goods sold 60%
The following data relate to a manufacturing company during 2003-2004: Credit sales - RM450,000; Credit purchase RM380,000; Finished Inventory RM90,000; Cost of goods sold 60% of total sales of RM600,000; and Accounts payable RM145,000. Calculate cash conversion cycle of the company. Also determine Net Working Capital of the company.
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Financial Accounting The Impact On Decision Makers An Alternative To Debits And Credits
Authors: Gary A. Porter, Curtis L. Norton
4th Edition
0324272669, 978-0324272666
