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18. Esther Limited is a small manufacturing company that trades with all its customers and suppliers on credit. The foll
Posted: Sun Jul 03, 2022 1:15 pm
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- 18 Esther Limited Is A Small Manufacturing Company That Trades With All Its Customers And Suppliers On Credit The Foll 1 (19.74 KiB) Viewed 10 times
18. Esther Limited is a small manufacturing
company that trades with all its customers and suppliers on credit. The following figures are drawn from Esther Limited's financial statements for the year ended 31 October 2020: Sales for the year to 31 October 2020: £1,095,000 Cost of sales for the year to 31 October 2020: £693,500 Inventory at 31 October 2020: £91,200 Trade receivables at 31 October 2020: £105,000 Trade payables at 31 October 2020: £95,000 What is Esther Limited's cash conversion cycle?