Esquire Products Inc. expects the following monthly sales: July August September January February March 43,000 34,000 27,000 29,000 23,000 21,000 Total sales 37,000 41,000 44,000 49,000 57,000 39,000 April May October November December June $444, 000 Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire uses level production, and average monthly production is equal to annual production divided by 12 e. Determine total current assets for each month. Include cash, accounts receivable, and inventory. The accounts receivable for a given month is equal to 60 percent of that month's sales. Inventory is equal to ending inventory (part a) times the cost of $1 per unit. Esquire Products Inc. Assets Accounts Receivable Total Current Assets Cash Inventory January February March April May June July August September October November December Esquire Products Inc. expects the following monthly sales: July August September January February March 43,000 34,000 27,000 29,000 23,000 21,000 Total sales 37,000 41,000 44,000 49,000 57,000 39,000 April May October November December June $444, 000 Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire uses level production, and average monthly production is equal to annual production divided by 12 e. Determine total current assets for each month. Include cash, accounts receivable, and inventory. The accounts receivable for a given month is equal to 60 percent of that month's sales. Inventory is equal to ending inventory (part a) times the cost of $1 per unit. Esquire Products Inc. Assets Accounts Receivable Total Current Assets Cash Inventory January February March April May June July August September October November December