1-Puzzle ltd has an inventory onversion period of 60 days receivable collection period of 36 days and a payables deferal period of 24days
(a) what is the length of the firms cash conversion cycle
(b) puzzle annual sales are $3,960,000 and all sales are on credit what is the average balance in accounts receivables?
(c) How many times per year does puzzle turn over its inventory?
2-Discuss the steps or measures to be taken by a firm in credit evaluation procedures of individual account
3-Explain the disadvantages of factoring and also the various types of factoring