Primrose Corp has $13 mil

Primrose Corp has $13 mil

Primrose Corp has $13 million of sales, $3 million of inventories, $2 million of receivables, and $1 million of payables. Its cost of goods sold is 80% of sales, and it finances working capital with bank loans at an 9% rate. Assume 365 days in year for your calculations. Round intermediate steps to 2 decimal places.

%d bloggers like this: