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F or 2018, calculate cash build and cash burn, and the expected remaining months of until out of cash period . Show your work. Show

For 2018, calculate cash build and cash burn, and the expected remaining months of until out of cash period . Show your work.

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SOCAL VENTURE CORPORATION Balance Sheet Information 2017 2018 Cash $50,000 $60,000 Accounts Receivables 200,000 290,000 Inventories 450,000 550,000 Net Fixed Assets 300,000 380,000 Total Assets $1,000,000 $1,280,000 Accounts Payable 130,000 $150,000 Accruals 50,000 80,000 Income Statement 2018 Net Sales $1,500,000 Cost of Goods Sold 950,000 550,000 180,000 Gross Profit Marketing Expenses General & Admin Expenses Depreciation 150,000 55,000 EBIT 165,000 Interest 75,000 Earnings Before Taxes 90,000 Income Taxes (40% rate) 36.000 Net Income $54,000 SOCAL VENTURE CORPORATION Balance Sheet Information 2017 2018 Cash $50,000 $60,000 Accounts Receivables 200,000 290,000 Inventories 450,000 550,000 Net Fixed Assets 300,000 380,000 Total Assets $1,000,000 $1,280,000 Accounts Payable 130,000 $150,000 Accruals 50,000 80,000 Income Statement 2018 Net Sales $1,500,000 Cost of Goods Sold 950,000 550,000 180,000 Gross Profit Marketing Expenses General & Admin Expenses Depreciation 150,000 55,000 EBIT 165,000 Interest 75,000 Earnings Before Taxes 90,000 Income Taxes (40% rate) 36.000 Net Income $54,000

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