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Calculate grand canyon working capital cycle

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Reference no: EM133094933

Question - Grand Canyon Bhd, a manufacturing entity, has the following balances at 30 April 2021:

Extract from financial statements: $000

Trade receivables 216,000

Trade payables 97,000

Revenue (all credit sales) 992,000

Cost of sales 898,000

Purchases in year 641,000

Inventories at 30,000

April 2021:

Raw materials 111,000

Work in progress 63,000

Finished goods 102,000

Required - Calculate Grand Canyon's working capital cycle.

1. Account receivable turnover

2. Inventories turnover

3. Creditors turn over

4. Working capital turnover

Reference no: EM133094933

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