You have been given the below information for Gumdum Ltd for year ending 3 1 st December

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You have been given the below information for Gumdum Ltd for year ending

31

st December

2017 .

Sales

425, 400

Cost of Sales

325, 300

Credit Purchases

318, 200

Receivables

64, 600

Payables

43, 400

Open Inventory

36, 700

Closing Inventory

44, 200

Required:

Prepare the following calculations:

Inventory days

(

average

) .

Payable days

(

credit purchases

) .

Receivable days.

Operating cycle for Gumdum Ltd

.

Posted Date: May 11, 2024 04:12 AM

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You have been given the below information for Gumdum Ltd for year ending 3 1 st December

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