2. Assuming average monthly sales of $50,000 and average monthly C.O.G.S. of $30,000, calculate the expected level of

a) Receivables if the average collection period is 55 days.

b). Inventory if you plan on average 40 days on hand.

1. Assuming annual sales of $250,000 and a 50% gross (contribution) margin, calculate the following
   1. Average collection period if ending receivables total $45,000
   2. Ending days-on-hand of inventory if ending inventory levels are $30,000