Question: A market study was completed for a retail operation. The market study and RMA indicates: Sales 1,000 COGS/Sales 60% Days A/R 40 Days Inv. 90

A market study was completed for a retail operation.

The market study and RMA indicates:

Sales 1,000

COGS/Sales 60%

Days A/R 40

Days Inv. 90

Days A/P 40

Days Accrual 10

(Show all of your work)

What is the operating cycle (in days)? Choose the correct formula

What is the A/R at the end of the year ($s)? Choose the correct formula

What is the Inventory at the end of the year ($s)? Choose the correct formula

What is the Accounts Payable at the end of the year ($s)? Choose the correct formula

What is the Accruals at the end of the year ($s)? Choose the correct formula

What is the investment in PWC ($s)? Choose the formula you will be using the answers from above.

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