1. Given the following information, calculate for Year 2 the number of days of working capital financing...
Question:
1. Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
___________________________________________Year 1__________________Year 2
Accounts Receivable, net...................................$ 518............................$ 562
Accounts Payable.............................................203.................................192
Inventory......................................................535.................................564
Credit Sales.................................................3,205...............................3,636
Cost of Goods Sold.......................................2,037...............................2,294
Selling and Admin. Expense..............................1,081..............................1,131
2. Refer to the financial statement data for Patriot Corp. for 2011 and 2010. Complete the table by computing the ratios.
Financial Ratio to be calculated:
Total liabilities and stockholders' equity:$575,000$425,000
Step by Step Answer:
Project Management A Managerial Approach
ISBN: 978-0470533024
8th edition
Authors: Jack R. Meredith, Samuel J. Mantel Jr.