3. Here is a forecast of sales by National Bromide for the first four months of 2010...

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3. Here is a forecast of sales by National Bromide for the first four months of 2010 (figures in

$ thousands):

Month 1 Month 2 Month 3 Month 4 Cash sales 15 24 18 14 Sales on credit 100 120 90 70 On the average 50% of credit sales are paid for in the current month, 30% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4?

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Principles Of Corporate Finance

ISBN: 9780071314176

10th Global Edition

Authors: Richard Brealey

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