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DIP Motors has P45 000 debtors, Inventory of P25 000

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June 7th, 2024

DIP Motors has P45 000 debtors, Inventory of P25 000, payable deferral period of 12 days and cash conversion cycle of 30 days. Assume 360 days in a year. Use the above information to calculate:Annual sales of this company (3 marks)The number of days it takes to convert credit sales into cash (1 marks)The Operating circle ( 2 marks)

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