Multiple Choice
Calculate cash given the following information. Total current assets $57,000; supplies $4,000; average collection period 60.83 days; days' sales in inventory 97.33 days; sales 90,000; cost of goods sold 75,000.
A) $24,000
B) $22,000
C) $20,000
D) $18,000
E) $16,000
Correct Answer:
Verified
Correct Answer:
Verified
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