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(3 points) JR, Inc reported the following for 2019 and 2020. What was the impact on cash from the change in A/R from year to
- (3 points) JR, Inc reported the following for 2019 and 2020. What was the impact on cash from the change in A/R from year to year?
| 2019 | 2020 |
A/R Days on Hand | 35 | 55 |
Net Sales | $12,200,000 | $11,500,000 |
Cost of Goods Sold | $6,400,000 | $6,300,000 |
- (6 points) Refer to the table below to complete the cash flow table provided (six highlighted answers). Enter the final CHANGE IN CASH number for your answer to this question.
2019 | 2020 | Cash + / - | Subtotal | |
Net Sales | $1,640,000 | |||
A/R (12/31) | $380,000 | $420,000 | ||
CASH FROM SALES | ||||
Cost of Goods Sold | -$670,000 | |||
Inventory (12/31) | $480,000 | $425,000 |
| |
A/P (12/31) | $125,000 | $108,000 |
| |
CASH PROD COSTS |
| |||
CHANGE IN CASH |
|
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