Calculate Cash Given the Following Information

question 321

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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