The following information is an extract of the statement of profit or loss of Palladium Ltd for the current financial year: The average accounts receivable collection period is 45 days. The average payment supplier period is 50 days and the cash conversion cycle has been calculated as 55 days. REQUIRED: Annual sales (20% cash) R625 000 Cost of Sales R125 000 Purchases (50% on credit) R200 000   Calculate the total average investment in the cash conversion cycle (CCC) for Palladium Ltd. Assume that there are 365 days in a year. Round to the nearest Rand.

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.