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2. Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other
2. Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources? Year 1 Year 2 Accounts Receivable, net $ 518 $ 562 Accounts Payable 203 192 Inventory 535 564 Credit Sales 3,205 3,636 Cost of Goods Sold 2,037 2,294 Selling and Admin. Expense 1,081 1,131
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