Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

'- U ..-_ -. _.. U 'I'' 4) 37,11% - Rather make use of other financing option at an effective annual rate of 15%. (1)

image text in transcribed
image text in transcribed
'- "U ..-_ -. _.. """"""U 'I'"""' 4) 37,11% - Rather make use of other financing option at an effective annual rate of 15%. (1) 25. Topshelfs (Pty) Limited wants to know what the number of days credit taken by their customers (receivable days) is. They asked you to assist them with the calculations. They told you that the period of credit granted by their suppliers (payable days) is 51 days, the cash conversion cycle is 152 days and the number of days inventory on hand (inventory days) is 128 days. What is the number of days credit taken by the customers (receivable days) of Topshelfs (Pty) Limited? 1) 229 days 2) (27 days) 3) 27 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Other Assurance Services

Authors: Alvin Arens, James Loebbecke, W Lemon, Ingrid Splettstoesser

9th Canadian Edition

0130091243, 978-0130091246

More Books

Students also viewed these Accounting questions

Question

g y y = ax/2 L

Answered: 1 week ago