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Calculate zigg ltd funding requirements for working capital

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Reference no: EM132790958

Zigg Ltd. Months Average period for which items are held in inventory 3.5 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.

Average receivables collection period     2.5

Average payables payment period             2.0

Problem (a) Calculate Zigg Ltd.'s funding requirements for working capital measured in terms of months.

Reference no: EM132790958

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