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Title: Given the following information about Jones Corporation, what are Jones's working capital needs ... Post by: safezone on Feb 14, 2017 Given the following information about Jones Corporation, what are Jones's working capital needs using the Bardahl formula, assuming that federal income taxes are not an operating expense?
Average inventory $ 33,000 Cost of goods sold 300,000 Purchases 250,000 Average accounts receivable balance 80,000 Average credit sales 320,000 Average accounts payable balance 30,000 Operating expense 400,000 Depreciation claimed as operating expense 50,000 Federal income taxes 25,000 Advances to suppliers 30,000 Title: Re: Given the following information about Jones Corporation, what are Jones's working capital needs ... Post by: genflynn on Feb 14, 2017 Content hidden
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