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1. Based only on the following information for Bennington Corp., did cash go up or down? By how much? Decrease in inventory $500 Decrease in accounts payable 180 Increase in notes payable 580 Increase in accounts receivable 240

2. A company has net income of $182,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,740. Assuming 62 percent of sales are on credit, what is the company's days' sales in receivables?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92693821

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