Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
$\begin{array}{llcc}
&\text {Year 1 } & \text {Year 2 }\
\text { Accounts Receivable, net } &\$518&\$562\
\text {Accounts Payable } &203&192\
\text {Inventory } &535&564\
\
\text { Credit Sales } &3,205&3,636\
\text { Cost of GoodsSold. } &2,037&2,294\
\text {Selling and Admin Expense } &1,081&1,131
\end{array}$

Question

Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
 $\begin{array}{llcc}
  &\text {Year 1  } &   \text {Year 2  }\
 \text { Accounts Receivable, net } &\$518&\$562\
 \text {Accounts Payable  } &203&192\
 \text {Inventory  } &535&564\
\
 \text { Credit Sales } &3,205&3,636\
 \text { Cost of GoodsSold. } &2,037&2,294\
 \text {Selling and Admin Expense  } &1,081&1,131
\end{array}$

Quizplus · Accepted Answer

The Answer of Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
 $\begin{array}{llcc}
  &\text {Year 1  } &   \text {Year 2  }\
 \text { Accounts Receivable, net } &\$518&\$562\
 \text {Accounts Payable  } &203&192\
 \text {Inventory  } &535&564\
\
 \text { Credit Sales } &3,205&3,636\
 \text { Cost of GoodsSold. } &2,037&2,294\
 \text {Selling and Admin Expense  } &1,081&1,131
\end{array}$

Given the Following Information, Calculate for Year 2 the Number