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How many days of financing does this company need? Round to two decimal places. begin{tabular}{|c|c|c|c|c|c|} hline multicolumn{2}{|l|}{ Assets } & multicolumn{2}{|l|}{ Liabilities } & multicolumn{2}{|c|}{
How many days of financing does this company need?
Round to two decimal places.
\begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{2}{|l|}{ Assets } & \multicolumn{2}{|l|}{ Liabilities } & \multicolumn{2}{|c|}{ Income Data } \\ \hline Cash & $90 & Accounts Payable & $862 & Net Sales & $12,600 \\ \hline Accounts Receivable & $870 & Accrued Expenses & $99 & COGS & $10,707 \\ \hline Inventory & $991 & Notes Payable & $790 & Operating Expenses & $1,531 \\ \hline \multirow[t]{2}{*}{ Total Current Assets } & $1,953 & CM LTD & $202 & \multirow[t]{2}{*}{ Purchases* } & $11,170 \\ \hline & & Total Current Liabiliti & $1,953 & & \\ \hline \multirow[t]{2}{*}{ Fixed Assets } & $2,284 & & & Average Daily: & \\ \hline & & LTD & $1,260 & Sales & $34.52 \\ \hline Total Assets & $4,237 & Total Liabilities & $3,213 & COGS & $29.33 \\ \hline & & & & Operating Expenses & $4.19 \\ \hline & & Equity & $1,024 & Purchases & $30.60 \\ \hline & & Total Liab. And Equity & $4,237 & & \\ \hline & & & & & \\ \hline \end{tabular}Step by Step Solution
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