Given the following information, calculate for Year 2 the number of days of working capital...
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Accounting
Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
| Year 1 | Year 2 |
Accounts Receivable, net | $ 518 | $ 562 |
Accounts Payable | 203 | 192 |
Inventory | 535 | 564 |
|
|
|
Credit Sales | 3,205 | 3,636 |
Cost of Goods Sold | 2,037 | 2,294 |
Selling and Admin. Expense | 1,081 | 1,131 |
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