Question
EXERCISE 5 : MINIMUM CASH BALANCE The following data are given on Taguig Corp.: Cost of sales per annum 2,160,000 Operating expenses (Including depreciation and
EXERCISE 5: MINIMUM CASH BALANCE
The following data are given on Taguig Corp.:
Cost of sales per annum 2,160,000
Operating expenses (Including depreciation
and other non-cash charges of 78,000) 660,000
How much must be the corporation's minimum cash balance if it is to be equal to 10 days' requirement?
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Audit Analytics In The Financial Industry
Authors: Jun Dai
3rd Edition
1787430863, 9781787430860
