working capital and current assets management PureCart Ltd. is a rapidly growing e-commerce company experiencing fluctuating demand and unpredictable supplier lead times. This uncertainty poses challenges for managing their working capital effectively. The following company financial information has been provided to you: Cost of goods sold (COGS): R120 000 Goods are sold at 20% on cost. All goods are sold on credit. All goods are purchased on credit. There is no opening and closing stock. Average inventory: R30 000 Accounts receivable: R40 000 Accounts payable: R25 000 Q3)Calculate the cash conversion cycle. Provide all formulas.

working capital and current assets management PureCart Ltd. is a rapidly growing e-commerce company experiencing fluctuating demand and unpredictable supplier lead times. This uncertainty poses challenges for managing their working capital effectively. The following company financial information has been provided to you: Cost of goods sold (COGS): R120 000 Goods are sold at 20% on cost. All goods are sold on credit. All goods are purchased on credit. There is no opening and closing stock. Average inventory: R30 000 Accounts receivable: R40 000 Accounts payable: R25 000 Q3)Calculate the cash conversion cycle. Provide all formulas.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 20P

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