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Find the trade payables days and inventory days

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Reference no: EM132190326

Question - Use the following data extracted from a Trial Balance to find the relevant working capital ratios:

Sales revenue (85% on credit) = 2,600

Cost of sales = 1,800

Purchases (90% on credit) = 1,650

Inventory of finished goods = 220

Trade receivables = 350

Trade payables = 260

Find:

i. Inventory days.

ii. Trade receivables days.

iii. Trade payables days.

Reference no: EM132190326

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