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I am having problems getting the answers for the average collection period, payables turnover and total asset turnover for years 1-5. Can someone please help
I am having problems getting the answers for the average collection period, payables turnover and total asset turnover for years 1-5. Can someone please help me with this part explaining the formula and showing how you came up with the results?
CASHFLOW STATEMENT FORECASTED INCOME STATEMENT \begin{tabular}{|r|r|r|r|r|} \hline YEAR 1 & YEAR 2 & YEAR 3 & YEAR 4 & YEAR 5 \\ \hline 150,000 & 154,500 & 159,135 & 167,092 & 175,446 \\ 67,500 & 69,525 & 71,611 & 75,191 & 78,951 \\ \hline 82,500 & 84,975 & 87,524 & 91,900 & 96,495 \\ & & & & \\ 6,000 & 6,180 & 6,365 & 6,684 & 7,018 \\ 6,000 & 6,000 & 9,000 & 9,000 & 9,000 \\ 9,600 & 9,600 & 9,600 & 14,400 & 14,400 \\ 14,400 & 14,400 & 14,400 & 14,400 & 14,400 \\ 3,600 & 3,600 & 3,600 & 3,600 & 3,600 \\ - & - & 4,000 & 4,000 & 4,000 \\ 3,000 & 3,000 & 3,000 & 3,000 & 3,000 \\ \hline 39,900 & 42,195 & 37,559 & 36,817 & 41,077 \\ \hline 1,800 & 1,200 & 600 & - & \\ \hline 38,100 & 40,995 & 36,959 & 36,817 & 41,077 \\ \hline 13,335 & 14,348 & 12,936 & 12,886 & 14,377 \\ \hline 24,765 & 26,647 & 24,023 & 23,931 & 26,700 \\ \hline \end{tabular} CASHFLOW STATEMENT FORECASTED INCOME STATEMENT \begin{tabular}{|r|r|r|r|r|} \hline YEAR 1 & YEAR 2 & YEAR 3 & YEAR 4 & YEAR 5 \\ \hline 150,000 & 154,500 & 159,135 & 167,092 & 175,446 \\ 67,500 & 69,525 & 71,611 & 75,191 & 78,951 \\ \hline 82,500 & 84,975 & 87,524 & 91,900 & 96,495 \\ & & & & \\ 6,000 & 6,180 & 6,365 & 6,684 & 7,018 \\ 6,000 & 6,000 & 9,000 & 9,000 & 9,000 \\ 9,600 & 9,600 & 9,600 & 14,400 & 14,400 \\ 14,400 & 14,400 & 14,400 & 14,400 & 14,400 \\ 3,600 & 3,600 & 3,600 & 3,600 & 3,600 \\ - & - & 4,000 & 4,000 & 4,000 \\ 3,000 & 3,000 & 3,000 & 3,000 & 3,000 \\ \hline 39,900 & 42,195 & 37,559 & 36,817 & 41,077 \\ \hline 1,800 & 1,200 & 600 & - & \\ \hline 38,100 & 40,995 & 36,959 & 36,817 & 41,077 \\ \hline 13,335 & 14,348 & 12,936 & 12,886 & 14,377 \\ \hline 24,765 & 26,647 & 24,023 & 23,931 & 26,700 \\ \hline \end{tabular}Step by Step Solution
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