- This topic has 3 replies, 2 voices, and was last updated 4 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Hi sir, I want to clarify why r we calculate payable days using COS to arrive at the operating cycle, when we can actually workout the credit purchase by taking 60% of sales??
Nowhere in the question are you told that credit purchases are 60% of the sales.
All we know is that for 2014 the cost of sales was $26 million, and that for 2015 the cost of sales is 60% of sales.
Viewing 4 posts - 1 through 4 (of 4 total)
- The topic ‘CSZ Co’ is closed to new replies.