Working capital cycle in days of the business

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Reference no: EM131989804

Extract from the income statement and statement of financial position of a business shows following figure: Sales- $250,000 Cost of goods sold- $210,000 Purchases- $140,000 Inventory- $92,500 The average receivables days and average payables days are 46 days and 5 days respectively. What is the working capital cycle in days of the business?

Reference no: EM131989804

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