Use the percentage-of-sales method to determine the increase in the net working capital requirements of Umdloti Suppliers for 2023.

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INFORMATION The following information was extracted from the financial statements of Umdloti Suppliers for 2022. R 7 200 000 1 800 000 1 080 000 1 296 000 360 000 2 160 000 Sales Debtors Creditors Short-term loans Cash and cash equivalents Inventory Umdloti Suppliers anticipates sales of R9 000 000 for 2023. INFORMATION The following information was extracted from the financial statements of Umdloti Suppliers for 2022. R 7 200 000 1 800 000 1 080 000 1 296 000 360 000 2 160 000 Sales Debtors Creditors Short-term loans Cash and cash equivalents Inventory Umdloti Suppliers anticipates sales of R9 000 000 for 2023.

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To determine the increase in the net working capital requirements of Umdloti Suppliers for 2023 usin... View the full answer