hercules wholesalers ltd has been particularly concerned with it

Project Description:

hercules wholesalers ltd has been particularly concerned with its liquidity position in recent months. the most recent income statement and balance sheet of the business are as follows: the receivables and payables were maintained at a constant level throughout the year. required: (a) explain why hercules wholesalers ltd is concerned about its liquidity position. (b) calculate the operating cash cycle for hercules wholesalers ltd based on the information above. (assume a 360-day year.) (c) state what steps may be taken to improve the operating cash cycle of the business.
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Price Type: Negotiable

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