Reference no: EM133169406
Question - The following projected 2022 figures were provided to you by the Marikit Company for analysis:
Sales 80% on credit P 8,872,500
Cost of goods sold 3,629,585
Operating Expenses 1,822,420
Non-cash charges included in
Cost of goods sold P 220,500
Operating Expenses 88,725
The company operates five working days per week or 260 days per year.
A. Minimum cash balance for two weeks?
B. Average collection period if the accounts receivable on the average amounted to P 443,625.
C. If receivable turnover is expected to increase by 15%, how much will the average receivable be?
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