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The Biosh Corporation had sales of Tk.180,000 in 2020 on which it earned a net profit of 5 percent. Bioshs days sales outstanding was 36
The Biosh Corporation had sales of Tk.180,000 in 2020 on which it earned a net profit of 5 percent. Bioshs days sales outstanding was 36 days while its Payable deferral period is 30 days. The firm had fixed assets totalling Tk.40,000. Bioshs inventory was turned over is 18 times during the year. By the year-end, Biosh had negligible amount of cash and marketable securities. Bioshs average daily costs of labour and materials are Tk.4,000. How much cash should Biosh start its production operations with?
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