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Item Beginning Ending Inventory 6,000 8,200 Accounts receivable 2,800 3,200 Accounts payable 3,820 5,840 Credit sales for the year just ended were $75,000, and cost of goods sold was $40,000
|
Item |
Beginning |
Ending |
|
Inventory |
6,000 |
8,200 |
|
Accounts receivable |
2,800 |
3,200 |
|
Accounts payable |
3,820 |
5,840 |
Credit sales for the year just ended were $75,000, and cost of goods sold was $40,000.
Buddha explained that the company can change some aspects of its short-term financial policy and find alternative financing policies to fund current assets to improve its working capital management.
1. Calculate the following utilization ratios for Exotic Cuisines Inc.
i. inventory period
ii. receivables period
iii. payables period
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