Calculate Cash Given the Following Information

question 155

Multiple Choice

Calculate cash given the following information. Total current assets $57,000; supplies $4,000; average collection period 60.83 days; days' sales in inventory 97.33 days; sales 90,000; cost of goods sold 75,000.

• A) $24,000
• B) $22,000
• C) $20,000
• D) $18,000
• E) $16,000

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Definitions:

Exercising

The activity of engaging in physical activities to improve health and maintain fitness.

Relatedness Needs

Desires for good interpersonal relationships.

Satisfying Growth

The achievement of growth goals that meet or exceed the expectations of stakeholders, contributing to overall satisfaction with the organization's progress.

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.