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Can someone help out Post Company's net sales in 2011 were $10,000,000 and its cash cost of goods sold was $5,500,000. Also in 2011, its
Can someone help out
Post Company's net sales in 2011 were $10,000,000 and its cash cost of goods sold was $5,500,000. Also in 2011, 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 be 57 days. What would be the impact on Post Company's cash flow of the five day shortening of its inventory days on hand? O A decrease of $75,342 O An increase of $75,342 O A decrease of $83,562 O An increase of $83,562Step by Step Solution
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