Determine the additional cash, Accounting Basics

Determine the additional cash a company could obtain from its working capital accounts if it can improve its average collection period by three days and inventory turnover by 0.5 times. The company's accounts receivable is $300,000 and inventory is $750,000. The company's sales revenue is estimated to be $2,000,000 and cost of sales $1,200,000.

Posted Date: 3/8/2013 4:05:50 AM | Location : United States







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