TikTak Ltd has the following balances: Year-end receivables £240,000 Year-end payables £250,000 Year-end inventory £220,

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answerhappygod
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TikTak Ltd has the following balances: Year-end receivables £240,000 Year-end payables £250,000 Year-end inventory £220,

Post by answerhappygod »

TikTak Ltd has the following balances: Year-end receivables
£240,000 Year-end payables £250,000 Year-end inventory £220,000
Credit sales £2,400,000 Cost of sales £1,200,000 Credit purchases
£1,300,000 The cash cycle for this company is approximately: a. 59
days b. 33 days c. 51 days d. 47 days
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