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johnpaech johnpaech
wrote...
Posts: 1098
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6 years ago
The required net working capital in the first year for the Sisyphean Corporation's project is closest to:
A) $3600
B) $3960
C) $2880
D) $5400
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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Replies
wrote...
6 years ago
A
Explanation:  A) Networking Capital Forecast
Year   1   2   3
Units   2000   2200   2420
Sales (units × $18)   36,000   39,600   43,560
Cash (2% of sales)   720   792   871.2
Accounts Receivable (4% of sales)   1440   1584   1742.4
Inventory (9% of sales)   3240   3564   3920.4
Accounts Payable (5% of sales)   1800   1980   2178
NWC (Cash + Inventory+ AR - AP)   3600   3960   4356
johnpaech Author
wrote...
5 years ago
Thanks for helping with my corporate finance course
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