Question
Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
|
| Year 1 | Year 2 |
| Accounts Receivable, net | $ 518 | $ 562 |
| Accounts Payable | 203 | 192 |
| Inventory | 535 | 564 |
|
|
|
|
| Credit Sales | 3,205 | 3,636 |
| Cost of Goods Sold | 2,037 | 2,294 |
| Selling and Admin. Expense | 1,081 | 1,131 |
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Managerial Accounting Concepts Hc 2000 Annotated
Authors: Edmonds/Edmonds/Tsay
B000MLUWIW
