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Cori's Corp. has an equity value of $13,730. Long-term debt is $9,250. Net working capital, other than cash, is $3,745. Fixed assets are $18,430 and
Cori's Corp. has an equity value of $13,730. Long-term debt is $9,250. Net working capital, other than cash, is $3,745. Fixed assets are $18,430 and current liabilities are $2,050. a. How much cash does the company have? (Do not round intermediate calculations.) b. What is the value of the current assets? (Do not round intermediate calculations.) a. Cash b. Current assets The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $830 $860 $940 $970 a. Accounts receivable at the beginning of the year are $420. The company has a 45- day collection period. Calculate cash collections in each of the four quarters by completing the following (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.): Q1 Q2 Q3 Q4 Beginning receivables $ 420.00 Sales 830.00 860.00 940.00 970.00 Cash collections Ending receivables b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables $ 420.00 Sales 830.00 860.00 940.00 970.00 Cash collections Ending receivables c. Recalculate the cash collections with a collection period of 30 days. (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Beginning receivables $ 420.00 Sales 830.00 860.00 940.00 970.00 Cash collections Ending receivables
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