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Please show work! The following data pertain to Dellmont Labs: Sales Cost of Sales Inventory Accounts receivable Accounts payable Sales $784,000 $110,000 $73,000 $41 ,ooo
Please show work!
The following data pertain to Dellmont Labs:
Sales Cost of Sales Inventory Accounts receivable Accounts payable Sales $784,000 $110,000 $73,000 $41 ,ooo Compute the additional working capital period. Assume a 365 day year for calculations. A) 8) 0) 65.9 612 23.8 19.1 Dellmont Labs reports the following purchase information for the most recent reporting period Purchases Apr $325,000 May $400,000 June $475,000 April was the first month of operations for Dellmont Labs. Dellmont makes cash payments of 3S percent of its purchases in the month of the purchase and 6S percent the following month. There are no bad debts A) 8) 0) Compute the company's cash payments for June $475,000 $426,260 $381,260 $780,000
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