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CORRECT TEXT

CORRECT TEXT

AAA has the following working capital ratios at 30 March 20X4:

During the year ended 30 March 20X4 credit purchases were $3,600 and at 30 March 20X4 the outstanding trade payables amounted to $522.

The year ended 30 March 20X4 was not a leap year.

Calculate the working capital cycle for AA
A . Give your answer to one decimal place.

Answer: 26.2 Days

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