Question
Given the following information with regard to a proposed project: Inventory increase of $30,000 Depreciation increases by $3,000 Accounts payable increase by $11,000 Accounts receivable
Given the following information with regard to a proposed project:
Inventory increase of $30,000
Depreciation increases by $3,000
Accounts payable increase by $11,000
Accounts receivable increase by $11,000
The working capital investment required for this project is:
$52,000
$23,000
$11,000
$30,000
none of the above
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
3rd Edition
1450421040, 978-1450421041
