Question
Working capital cash flow.Cool Water, Inc. sells bottled water. The firm keeps in inventory plastic bottles at 9% of the monthly projected sales. These plastic
Working capital cash flow.Cool Water, Inc. sells bottled water. The firm keeps in inventory plastic bottles at 9% of the monthly projected sales. These plastic bottles cost $0.007 each. The monthly sales for the first four months of the coming year are as follows: January:1,900,000 February:2,100,000 March:2,800,000 April:3,100,000 What is the monthly increase or decrease in cash flow for inventory given that an increase is a use of cash and a decrease is a source of cash?Note:Enter a decrease as a negative number. What is the change in working capital for January? $nothing(Round to the nearest dollar.)
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