Answered step by step
Verified Expert Solution
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)
'- "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
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started