Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Post Company's net sales in 20Y1 were $10,0o0,000 and its cash cost of goods sold was $5,500,000. Also in 20Y1, its accounts receivable days

image text in transcribed
2. Post Company's net sales in 20Y1 were $10,0o0,000 and its cash cost of goods sold was $5,500,000. Also in 20Y1, its accounts receivable days on hand were 37 days and its inventory days on hand were 62 days. The company projects its 20y2 net sales will be $11,000,000 and its cash cost of goods sold will be $6,100,000. It is projecting that its accounts receivable days on hand will be 39 days and its inventory days on hand will b of the lengthening of its accounts receivable days on hand? e 65 days. What would be the impact on Post Company's cash flow An increase of $60,274 A decrease of $60,274 An increase of $54,795 A decrease of $54,795

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions