Question
Use the following data extracted from a Trial Balance to find the relevant working capital ratios: Sales revenue (85% on credit) = 2,600 Cost of
Use the following data extracted from a Trial Balance to find the relevant working capital ratios:
Sales revenue (85% on credit) = 2,600
Cost of sales = 1,800
Purchases (90% on credit) = 1,650
Inventory of finished goods = 220
Trade receivables = 350
Trade payables = 260
Find:
i.Inventory days
ii.Trade receivables days
iii.Trade payables days
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
