Margos Cookies Inc. has working capital of $210,000. Selected operating figures include: According to the Bardahl formula,
Question:
Margo’s Cookies Inc. has working capital of
$210,000. Selected operating figures include:
According to the Bardahl formula, what is Margo's working capital need in total?
Transcribed Image Text:
Average inventory Average accounts receivable Average accounts payable Purchases Net sales Cost of goods sold Other expenses (including depreciation of $50,000 and taxes of $90,000) $150,000 80,000 50,000 300,000 960,000 600,000 440,000
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Answer The Bardahl Formula is used to calculate the working capital need ...View the full answer
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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