Question
A company maintains average receivables of ₹5 lakh,
inventory of ₹3 lakh, and payables of ₹2 lakh. If cost of goods sold is ₹60 lakh annually, compute the working capital cycle.Solution
WCC = (Receivables + Inventory – Payables) ÷ Daily COGS = (5+3–2)/ (60/360) = 36 days
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