The table below gives information extracted from the annual accounts of Management plc for the past...

 

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The table below gives information extracted from the annual accounts of Management plc for the past year. Management plc - Extracts from annual accounts Inventory: raw materials work in progress finished goods Purchases of raw materials Cost of production Cost of goods sold Sales Receivables Payables Required Calculate the length of the working capital cycle (assuming 365 days in the year). Year 1 £108,000 £75,600 £ 86,400 £518,400 £675,000 £756,000 £864,000 £172,800 £ 96,400 The table below gives information extracted from the annual accounts of Management plc for the past year. Management plc - Extracts from annual accounts Inventory: raw materials work in progress finished goods Purchases of raw materials Cost of production Cost of goods sold Sales Receivables Payables Required Calculate the length of the working capital cycle (assuming 365 days in the year). Year 1 £108,000 £75,600 £ 86,400 £518,400 £675,000 £756,000 £864,000 £172,800 £ 96,400

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Accounts Recievables Credit Period 172800 864000 73 days A... View the full answer