Essay
The following financial data relate to Bandara Pty Ltd for the years ended 30 June Year 3 and 30 June Year 2.
Additional information
The debtors figure at 30 June Year 1 was $78 000 (net). The inventory figure at 30 June Year 1 was $130 000. The company provides its credit customers 30 days to pay. The average inventory turnover for the industry in which the company operates is 101 days.
Correct Answer:

Verified
Correct Answer:
Verified
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