You are provided with the following information of company XYZ (Pty) Ltd. Sales (all on...
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Accounting
You are provided with the following information of company XYZ (Pty) Ltd. Sales (all on credit) COGS/Sales Inventory turnover Accounts Receivable Accounts Payable Credit purchases Calculate the cash conversion cycle in days. (Hint: any part of a day constitutes 1 full day) 1. Average Age of Inventory: 2. Average Collection period: 3. Average Payment period: 4. Cash conversion cycle: days days days days R550684 85% 13 R574007 R336599 R266747
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