A firm has the following forecast for these balance sheet items for a project. Accounts receivable will
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Question:
A firm has the following forecast for these balance sheet items for a project.
Accounts receivable will be 12% of sales,
inventory will be 7% of sales,
accounts payable will be 9% of sales.
Sales are forecasted to be $400,000 for year 1, and $600,000 for year 2.
What is the investment in NWC for year 2?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
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