Compute: 1. Days Inventory Outstanding (DIO) 2. Days Sales Outstanding (DSO) 3. Days Payables Outstanding (DPO) 4.
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Question:
Compute:
1. Days Inventory Outstanding (DIO)
2. Days Sales Outstanding (DSO)
3. Days Payables Outstanding (DPO)
4. Cash Conversion Cycle (CCC)
in N'000'000 | Historical Data | ||
FY 2018 | FY 2019 | FY 2020 | |
Days in Period | 365 | 365 | 366 |
Sales | 80,552 | 74,336 | 66,992 |
Growth % | -7.7% | -9.9% | |
Cost of Goods Sold | 56,097 | 57,235 | 58,370 |
As % of Sales | 69.64% | 76.99% | 87.13% |
Inventory | |||
Opening Balance | 28,709 | 26,039 | 28,599 |
Closing Balance | 26,039 | 28,599 | 26,258 |
Trade Receivables | |||
Opening Balance | 7,162 | 8,126 | 9,612 |
Closing Balance | 8,126 | 9,612 | 5,538 |
Trade Payables | |||
Opening Balance | 5,430 | 2,585 | 3,546 |
Closing Balance | 2,585 | 3,546 | 1,977 |
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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