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International Enterprises

This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.

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October 8, 2019 at 8:00 am #548341
toushiga
Participant
- Topics: 424
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Hello Sir, For PYQ Dec 2007 Q1
part (b)
How the 18days of cost of sales us unfunded being calculated?
Thank you.
October 8, 2019 at 3:56 pm #548370
John Moffat
Keymaster
- Topics: 57
- Replies: 54806
The answer is poor – it should have shown some more workings!
If you calculate the operating cycle/ working capital cycle (recb’les days+inventory days-p’bles days) it comes to 18 days.
As the answer goes on to say, this means that extra funding is needed to cover those 18 days.
October 9, 2019 at 2:44 am #548399
toushiga
Participant
- Topics: 424
- Replies: 171
Thank you so much 🙂
October 9, 2019 at 9:56 am #548437
John Moffat
Keymaster
- Topics: 57
- Replies: 54806
You are welcome 🙂
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