The following is an extract from the Discussion and analysis of the financial statements of Manufacturer Limited.

Question:

WORKING CAPITAL Manufacturer's days working capital in 2016 was 79.8 days compared to 84.6 days in 2015. This

Explain the content of the above extract and its implications.

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Financial Accounting An Integrated Approach

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The following is an extract from the Discussion and analysis of the financial statements of Manufacturer Limited.

Question:

WORKING CAPITAL Manufacturer's days working capital in 2016 was 79.8 days compared to 84.6 days in 2015. This comprised the following: 2016 63.8 59.5 43.5 Inventory days held Days sales outstanding Days payable outstanding 2015 66.5 62.2 44.1

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The provided extract from the Discussion and Analysis section refers to Manufacturer Limiteds working capital situation in 2015 and 2016 Working capit...View the full answer

Financial Accounting An Integrated Approach

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