Trader Ltd is a wholesaler of imported washing machines. The business is partly funded by a bank
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Trader Ltd is a wholesaler of imported washing machines. The business is partly funded by a bank overdraft and the bank is putting pressure on Trader Ltd to reduce this as soon as possible.
Sales revenue is £14.6 million a year and is all on credit. Purchases and cost of sales are roughly equal at 7.3 million a year. Current investment in the relevant working capital elements is:
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Related Book For 
Accounting And Finance For Non Specialists
ISBN: 9781292334691
12th Edition
Authors: Peter Atrill, Eddie McLaney
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