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You have been given the below information for Gumdum Ltd for year ending 3 1 st December 2 0 1 7 . Sales 4 2
You have been given the below information for Gumdum Ltd for year ending st December
Sales
Cost of Sales
Credit Purchases
Receivables
Payables
Open Inventory
Closing Inventory
Required:
Prepare the following calculations:
Inventory days average
Payable days credit purchases
Receivable days.
Operating cycle for Gumdum Ltd
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
