Herbalink manufacturing has annual sales of RM6,000,000 and maintains an average inventory level of RM1,000,000....
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Finance
Herbalink manufacturing has annual sales of RM6,000,000 and maintains an average inventory level of RM1,000,000. The average accounts receivable balance outstanding is RM990,000. The average accounts payable balance outstanding is RM490,000 and its cost of goods sold is RM4,200,000. Assume there are 365 days a year, calculate: (a) Operating cycle. (5 marks) (b) Cash conversion cycle
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