8: Debtor/Creditor Days: Recycle Ltd has the following average balances: Stock 180,000 Trade Debtors 250,000 Trade...
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8: Debtor/Creditor Days: Recycle Ltd has the following average balances: Stock €180,000 Trade Debtors €250,000 Trade Creditors €270,000 Stock is valued at purchase price which is €60 per unit, all purchased on credit. Annual Sales, all on credit, are 36,500 units at a selling price of €100 per unit. What is the average number of days between cash outflow and cash inflow in Recycle Ltd's working capital management process? 8: Debtor/Creditor Days: Recycle Ltd has the following average balances: Stock €180,000 Trade Debtors €250,000 Trade Creditors €270,000 Stock is valued at purchase price which is €60 per unit, all purchased on credit. Annual Sales, all on credit, are 36,500 units at a selling price of €100 per unit. What is the average number of days between cash outflow and cash inflow in Recycle Ltd's working capital management process?
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ANSWER Net Sales 36500x 100 3650000 Purchase cost 36500X 60 2190000 Av... View the full answer
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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