How much additional cash could a company obtain from its working capital accounts if it can improve

Question:

How much additional cash could a company obtain from its working capital accounts if it can improve its inventory turnover by 0.2 times and average collection period by 5 days? The company’s inventories are $500,000, and trade receivables are $250,000. The company’s revenue is estimated at $1.8 million and cost of sales at $900,000.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: