(Answered) Amco inc wants to determine the efficiency of its cash

Management Studies

AMCO Inc. wants to determine the efficiency of its cash management system. the firm has inventory, which turns 7.2 tier pe year, an average payment period of 40 days and average collection period 60 days. The firm's total annual outlays are $2,500,000 (assume a 360-day year)

Calculate minimum operating cash balance.

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Business Management, Management Studies

Category:- Business Management
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