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Hi everybody,
Please help me, i dont’t understand clearly this question:
The table below gives information extracted from the annual accounts of Management plc for the past year.
Management plc – Extracts from annual accounts
Year 1
Inventory: raw materials £108,000
work in progress £ 75,600
finished goods £ 86,400
Purchases of raw materials £518,400
Cost of production £675,000
Cost of goods sold £756,000
Sales £864,000
Receivables £172,800
Payables £ 86,400
Required
Calculate the length of the working capital cycle (assuming 365 days in the year). ?This example is in Chapter 3 of our Course notes.
There is an answer at the back of the Course Notes, and I work through it in my free lecture on this chapter.Thank for reply,
John please send me solution. Because now I have not possible situation finding notes.
You can view or download them on the following page:
https://opentuition.com/acca/f9/acca-f9-notes/
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