Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following: Income Balance Revenue $10,000,000 COGS $7,500,000 Gross profit $2,500,000 Total SG&A $1,850,000 EBITDA $650,000 Depreciation $75,000 Interest $75,000 Net profit $500,000 Cash

Given the following: Income Balance Revenue $10,000,000

COGS $7,500,000

Gross profit $2,500,000

Total SG&A $1,850,000

EBITDA $650,000

Depreciation $75,000

Interest $75,000

Net profit $500,000

Cash $200,000 Accounts receivable $1,200,000 Inventory $400,000 Total current assets $1,800,000 Total fixed assets $1,000,000 Total assets $2,800,000 Accounts payable $600,000 Other short term liabilities $200,000 Total short term liabilities $800,000 Total long term debt $600,000 Total liabilities $1,400,000 Total owners equity $1,400,000 Total liabilities & equity $2,800,000 If DPO decreased by 2 days, what would Accounts Payable be? If DPO decreased by 2 days, what would Cash be? If DPO decreased by 2 days, what would Net Profit be?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Value Added Auditing CERM Academy Series On Enterprise Risk Management

Authors: Greg Hutchins

4th Edition

978-0965466554

More Books

Students also viewed these Accounting questions