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Urgent Please Please. b. Zeal Co. has $34,800 in cash, $124,500 in inventory, $68,700 in accounts receivable, and $63,900 in accounts payable. The annual sale
Urgent Please Please. b. Zeal Co. has $34,800 in cash, $124,500 in inventory, $68,700 in accounts receivable, and $63,900 in accounts payable. The annual sale of the firm is $ 2,420,000, the cost of goods sold is 70% of annual sales and the annual purchase is $ 882,000.
a. Calculate Zeals cash conversion cycle. (3 Marks)
b. Calculate its Net investment in working capital. (2 Marks)
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