Accounting Rhodes Trading is planning to purchase raw materials on 1st September 2021. The payment will be on a credit term of 7/15 net 50. The goods will be sold on 30th November 2021. The initial outlays and account receivables are RM500,000.00 and RM15,000.00 respectively. The annual sales of the company are RM120,000.00 with 75 percent of it is on credit. REQUIRED: Calculate the following: i. The cash cycle ii. The cash turnover iii. The minimum operating cash

Answer rating: 100% (QA)

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