Question
A firms networking capital is proportional to its sales. Historically, inventory is 10.00% of sales, accounts receivable is 20.00% of sales, and accounts payable is
A firms networking capital is proportional to its sales. Historically, inventory is 10.00% of sales, accounts receivable is 20.00% of sales, and accounts payable is 12.00% of sales. Below is the sales forecast for the upcoming four years (in millions):
Year 0: $5.59
Year 1: $8.17
Year 2: $13.76
Year 3: $17.75
Year 4: $19.00
What will be the balance sheet value of NWC for year 1?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
