Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The RKN company sold $ 4'000,000 on credit last year. It takes an average of 36 days to collect your bills. His inventory turnover is

The RKN company sold $ 4'000,000 on credit last year. It takes an average of 36 days to collect your bills. His inventory turnover is 16,364x and his accounts payable turnover is 12,857x. It spends around 1.5 million on operational disbursements. What will be your
EMO if you can reduce your collection period to 32 days?
in excel please

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

The Commercial Real Estate Investors Handbook

Authors: Steven D. Fisher

1st Edition

1601380372, 978-1601380371

More Books

Students also viewed these Finance questions

Question

T F Having skin blemishes leads some people to consider suicide

Answered: 1 week ago