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I am using Kaplan revision kit ,in its answer to question no b it has used ,however ,given that 18 days cost of sales is unfunded this implies that 18/365*(143.2-28)=$5.68
I want to know only how this 18 days has been used or calculatedThe answer is poor – 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.
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