The following data are given on MNL Corp. Cost of sales per annum P2,200,000 Operating expenses (including depreciation Expense) 800,000 The company books further reveal that MNL was able to sell an equipment amounting to P250,000 with gain of P50,000. The asset was acquired at P650,000 five year ago. How much should the corporation’s minimum cash balance be if it is to be equal to 15 days’ requirement?
The following data are given on MNL Corp. Cost of sales per annum P2,200,000 Operating expenses (including depreciation Expense) 800,000 The company books further reveal that MNL was able to sell an equipment amounting to P250,000 with gain of P50,000. The asset was acquired at P650,000 five year ago. How much should the corporation’s minimum cash balance be if it is to be equal to 15 days’ requirement?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.23MCE
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The following data are given on MNL Corp.
Cost of sales per annum P2,200,000
Operating expenses (including
The company books further reveal that MNL was able to sell an equipment amounting to P250,000 with gain of P50,000. The asset was acquired at P650,000 five year ago. How much should the corporation’s minimum cash balance be if it is to be equal to 15 days’ requirement?
5. What is the average age of inventory for Patsy if it has sales of P320,000, an average inventory of P5,333, and cash conversion cycle of 20 days ? Assume that the cost of sales is 55% of Sales.
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