The duration of working capital was reduced from 40 to 32 days. The volume of products sold remained unchanged at $ 35.
| November 26, 2020 | education
The duration of working capital was reduced from 40 to 32 days. The volume of products sold remained unchanged at $ 35. Determine the amount of release from the turnover of working capital
the turnover rate for 40 days will be equal to 0.875, and for 32 days – 1.09. Consequently, for this difference of 8 days, the amount of funds amounted to $ 8.72.
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