A company has sales of $5,840,000 and cost of goods sold of $4,745,000. Which of the following

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A company has sales of $5,840,000 and cost of goods sold of $4,745,000. Which of the following current asset changes will occur if the company collects receivables four days faster while taking seven days longer to sell inventory?

A. A net increase in current assets of $27,000

B. A net decrease in current assets of $64,000

C. A net decrease in current assets of $91,000

D. A net increase in current assets of $155,000

Posted Date: Nov 17, 2021 01:01 PM

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A company has sales of $5,840,000 and cost of goods sold of $4,745,000. Which of the following

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Change in receivables Sales x change in receivable period365 Change in ... View the full answer

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