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What is PPs annual sales? QUESTION 3 PP currently has RM33,750 in cash, RM47,000 in accounts receivable, RM66,000 in inventories, RM13,000 in accrued liabilities, and

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What is PPs annual sales?
QUESTION 3 PP currently has RM33,750 in cash, RM47,000 in accounts receivable, RM66,000 in inventories, RM13,000 in accrued liabilities, and RM72,000 in accounts payable on its balance sheet. The firm's production manager has determined that the cost of goods sold accounts for 80 percent of the sales revenue it produces. Furthermore, the firm has determined that the length of the firm's cash conversion cycle is 16.79 days

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