Question: Based on the information below, how much does the company need to finance the working capital funding gap and how much is the lender willing
Based on the information below, how much does the company need to finance the working capital funding gap and how much is the lender willing to provide? Funding gap (days) 35 Days in period 365 Revenues 2,500,000 Cost of goods sold 1,600,000 Balance Up to Receivables 300,000 50% Inventories 150,000 50% Financing required = 239,726; Financing allowed: 225,000 Financing required = 175,243; Financing allowed: 450,000 Financing required = 208,197; Financing allowed: 450,000 Financing required = 153,425; Financing allowed: 225,000
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