MARKS) QUESTION 1 REQUIRED 11 Calculate the working capital cycle for 2019 12 Use the percentage of sales mens 2020 financial year age of sales method to determine the working capital requirements for the (5) INFORMATION 8dcore Limited has provided the following extracts of its latest financial statements Statement of Financial Performance 31 December 2019 Sales Cost of sales Gross profit 2 200 000 (1 210 000) 990 000 80% of sales are on credit All purchases were on credit Non-current assets of R200 000 will be purchased in the next financial year! Statement of Financial Position 31 December 2019 2019 2018 1 000 000 800 000 Non-current assets Inventory Debtors Cash and cash equivalents 330 000 396 000 242 000 100 000 100 000 50 000 198 000 400 000 Creditors Sales for 2020 is projected to be R3 000 000