Conceptual querry



WORKING CAPITAL CYCLE STARTS FROM THE PURCHASE OF RAW MATERIAL AND ENDS WITH REALISATION OF CASH FROM THE SALE OF FINISHED GOODS. RAWMATERIAL CONSUMPTION PERIOD IS DEFINED AS THE TIME TAKEN TO CONSUMED THE RAW MATERIAL(WHICH IS PURCHASED TO START THE CYCLE). SO THE RAW MATERIAL CONSUMTION PERIOD'S FORMULAE SHOULD BE RAW MATERIAL PURCHASED/ RAW MATERIAL CONSUMPTION PERDAY. WHY DO WE USE AVERAGE STOCK IN THIS FORMULAE PLEASE EXPALIN
 
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