Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question about shuksan case. On exhibit 7 on the spreadsheet, Net working Capital is 0.07*Total Sales - why? How do you get the number 0.07?

Question about shuksan case. On exhibit 7 on the spreadsheet, Net working Capital is 0.07*Total Sales - why? How do you get the number 0.07? I need to understand how to find the Net working capital. From the spreadsheet, you have 0.1 (listed below) and 0.1 came from 0.07 * 2 (Total sales). Why is it 2 * 0.07? Where is the 0.07 came from?

Net working capital 0.1 0.9 3.2 8.0 16.1 27.7 42.9 53.1 61.9 66.3 69.7

Total sales 2 13 45 114 230 396 613 758 885 947 995

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Management Concise

Authors: Eugene F. Brigham, Joel F. Houston

11th Edition

0357517717, 9780357517710

More Books

Students also viewed these Finance questions

Question

=+What can you conclude?

Answered: 1 week ago