Calculate and fill in the 6 blanks in the following Cash Flow Budget. You do...
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Accounting
Calculate and fill in the 6 blanks in the following Cash Flow Budget. You do not need to show yo work. Enter each answer as a whole number, without decimals, without dollar sign and without thousands comma (Ex: 1000). Cash Flow Budget Assumptions: Beginning balance is $20,000 Cost of goods sold is 80% of sales Building rent is $3,000 a month Accounts payable turnover ratio is 12 Accounts receivable ratio is 6 Inventory turnover ratio is 6 A quarter of sales are paid in cash Minimum cash balance is dever less than $5,000
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