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Q3. Fill in the blanks of Table 1: Monthly Cash Outflows and Table 2: Monthly Cash Inflows. Then, use the information to generate Table3: Pro-Forma
Q3. Fill in the blanks of Table 1: Monthly Cash Outflows and Table 2: Monthly Cash Inflows. Then, use the information to generate Table3: Pro-Forma Cash Flow Budget and answer the following questions. (10 points in total) Table 1: AgBiz Estimated Monthly Cash Outflows (Jan.-Apr:) Assumptions: 1. The inventory turnover rate is 12 . 2. Inventory is equal to current month's purchases + previous month's purchases 3. Cost of goods sold =25% of sales 4. Account payable turnover ratio =6. Q3. Fill in the blanks of Table 1: Monthly Cash Outflows and Table 2: Monthly Cash Inflows. Then, use the information to generate Table3: Pro-Forma Cash Flow Budget and answer the following questions. (10 points in total) Table 1: AgBiz Estimated Monthly Cash Outflows (Jan.-Apr:) Assumptions: 1. The inventory turnover rate is 12 . 2. Inventory is equal to current month's purchases + previous month's purchases 3. Cost of goods sold =25% of sales 4. Account payable turnover ratio =6
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