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Question 2 (3 points) Crocodile Inc. has developed their 2020 sales budget as follows: January: $100,000 February: $80,000 March: $75.000 The company's pattern of cash
Question 2 (3 points) Crocodile Inc. has developed their 2020 sales budget as follows: January: $100,000 February: $80,000 March: $75.000 The company's pattern of cash collection is 30% in the month of sale, 50% in the following month: 20% in the next month. Assuming this collection pattern will continue. what is Crocodile Inc's accounts receivable balance at the end of March? Question 3 (2 points) In 2019. HPL Limited has capital assets totaling $625000: average operating assets of $325.000 operating income of $125.000, and $750,000 in sales Calculate the return on investment Round to two decimals
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