ABC ltd has the following extracts from its latedt accounts: Sales $100m Cost of sales $60m ( all purchases and sales are on credit) Stock ( no change in opening and closing stock) $30m Debtors $20 Cash $5m Current liabilities $15m What is the length of the working capital cycle in days?
ABC ltd has the following extracts from its latedt accounts: Sales $100m Cost of sales $60m ( all purchases and sales are on credit) Stock ( no change in opening and closing stock) $30m Debtors $20 Cash $5m Current liabilities $15m What is the length of the working capital cycle in days?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC ltd has the following extracts from its latedt accounts:
Sales $100m
Cost of sales $60m ( all purchases and sales are on credit)
Stock ( no change in opening and closing stock) $30m
Debtors $20
Cash $5m
Current liabilities $15m
What is the length of the
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