[Cebo]

I guess i got it whereby on the tied up cash as follows;

59.31 Days – 30 to comply to pay = 29,31days*1600/365 = $128,482

Thank you very much for opening my mind.

[Cebo]

I guess i got it whereby on the tied up cash as follows;

59.31 Days – 30 to comply to pay = 29,31days*1600/365 = $128,482

Thank you very much on opening my mind.

[Cebo]

Thank you for your response,But i am still not matching my answer with yours.

Trade Receivables as per question 260,000,00 Dollars
Revenue 1,600,000,00
Days 365

260/1600*365=59.31 days i am fine on this
My question if i reduce my limit of tied up cash to 30 days what would be workings or answers in tied funds?

The answers as per question says reducing agreed 30 days would be realise about $128500 or 40days would realise $84500 how did they perform workings do get this numbers? Thanks in advance

[Author]

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