Answered step by step
Verified Expert Solution
Question
1 Approved Answer
undefined Sales COGS Dep EBIT Interest Taxable income Taxes NI 2007 Income Statement 155,000.00 104,000.00 11,800.00 39,200.00 6,800.00 32,400.00 8,600.00 23,800.00 2006 Cash AR Waxham
undefined
Sales COGS Dep EBIT Interest Taxable income Taxes NI 2007 Income Statement 155,000.00 104,000.00 11,800.00 39,200.00 6,800.00 32,400.00 8,600.00 23,800.00 2006 Cash AR Waxham Feed Balance Sheet 2007 20,000.00 A/P 19,300.00 LTD 55,760.00 Common Stock 95,060.00 RE 270,800.00 365,860.00 Tot Lia. & OE 33,000.00 25,200.00 40,570.00 98,770.00 213,000.00 311,770.00 2006 20,500.00 65,500.00 75,000.00 150,770.00 2007 26,800.00 73,000.00 100,000.00 166,060.00 Inventory Total CA Net Fixed Asst Total Asset 311,770.00 365,860.00 If the company approaches the bank for an overdraft loan (working capital loan), every how many days will the bank require the account to touch zero? Sales COGS Dep EBIT Interest Taxable income Taxes NI 2007 Income Statement 155,000.00 104,000.00 11,800.00 39,200.00 6,800.00 32,400.00 8,600.00 23,800.00 2006 Cash AR Waxham Feed Balance Sheet 2007 20,000.00 A/P 19,300.00 LTD 55,760.00 Common Stock 95,060.00 RE 270,800.00 365,860.00 Tot Lia. & OE 33,000.00 25,200.00 40,570.00 98,770.00 213,000.00 311,770.00 2006 20,500.00 65,500.00 75,000.00 150,770.00 2007 26,800.00 73,000.00 100,000.00 166,060.00 Inventory Total CA Net Fixed Asst Total Asset 311,770.00 365,860.00 If the company approaches the bank for an overdraft loan (working capital loan), every how many days will the bank require the account to touch zeroStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started