If Woolworths decides to offer a line of groceries at its discount retail outlet,inventories are expected to increase by $1,200,000,accounts receivable by $300,000 and accounts payable by $500,000.What is the cash outflow for working capital requirements?
A)$2,000,000
B)$1,700,000
C)$1,500,000
D)$1,000,000

Question

Quizplus · Accepted Answer

The Answer of If Woolworths decides to offer a line of groceries at its discount retail outlet,inventories are expected to increase by $1,200,000,accounts receivable by $300,000 and accounts payable by $500,000.What is the cash outflow for working capital requirements?
A)$2,000,000
B)$1,700,000
C)$1,500,000
D)$1,000,000

If Woolworths Decides to Offer a Line of Groceries at Its