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Calculate Zigg Ltd funding requirements for working capital

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Reference no: EM132813534

Problem - Zigg Ltd. is a wholesale distributor of a variety of imported goods to a range of retail outlets. The company specialises in supplying ornaments, small works of art, high value furnishings (rugs, etc) and other items that the chief buyer for the company feels would have a domestic market. In seeking to improve working capital management, the financial controller has gathered the following information.

 

Months

Average period for which items are held in inventory

3.5

Average receivables collection period

2.5

Average payables payment period

2.0

Required - Calculate Zigg Ltd.'s funding requirements for working capital measured in terms of months.

Reference no: EM132813534

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