Calculate the days of inventory in the company Sales revenue 20,000 Cost of sales (17,000) Distribution costs
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Question:
Calculate the days of inventory in the company
Sales revenue | 20,000 |
Cost of sales | (17,000) |
Distribution costs | (600) |
Administrative expenses | (400) |
Net interest | (300) |
Taxation | (1,000) |
Dividends | (200) |
Non-current assets | 20,000 |
Current assets | |
Inventories | 5,000 |
Trade receivables | 3,000 |
Investments | 1,500 |
Cash and bank | 500 |
Current liabilities | |
Bank overdraft | 1,650 |
Trade payables | 6,000 |
Taxation | 1,000 |
Dividend (proposed) | 200 |
Non-current liabilities | |
Loan | 1,000 |
Equity | |
Ordinary shares | 4,000 |
Share premium account | 4,650 |
Retained earnings | 11,500 |
The beginning balance of inventory is the same as the ending balance.
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