If days inventory for Forever30 retail outlet was 38 days and days creditors was 15 days, calculate
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If days inventory for Forever30 retail outlet was 38 days and days creditors was 15 days, calculate what the cash cycle would be if credit sales for a year amounted to $66,000 and the average trade debtors balance at the end of the year was $25,000.
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The cash cycle is the days inventory plus the days creditors so The equation would be I C Cash C...View the full answer
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
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