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Imagine an organic cosmetics business purchases its materials to manufacture its products using a business credit card facility. They have 90 days to pay for the materials (payable days). It takes the business on average 75 days to manufacture and sell the cosmetics (inventory days). It takes the business 20 days on average to receive the payment from its customers (receivable days).<\/p>\n\n

Use the following Working Capital Cycle formula to calculate how many days the business is out of pocket or ahead in their cash balances<\/strong>:<\/p>\n\n

Working Capital Cycle =Inventory Days + Receivable Days \u2013 Payable Days<\/em>
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Answer: *5*<\/p>\n"]}

Node_4545_Activity 2_Working Capital Cycle