Use the following information to complete the balance sheet below. a. Collection period: forty days b. Inventory
Question:
Use the following information to complete the balance sheet below.
a. Collection period: forty days
b. Inventory turnover: six times sales
c. Working capital requirement/sales: 20 percent
d. Liabilities/total assets: 60 percent
e. Cash in days of sales: twenty days
f. Short-term debt: 10 percent of total financial debt
Assume a 360-day year.
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Sales 20 days of sales 400000 360 days of sales 40000020 360 7200000 Accounts receivable 40 days of ...View the full answer
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ISBN: 978-0538751346
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Authors: Gabriel Hawawini, Claude Viallet
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