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Compute for the nfcc

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Reference no: EM132859202

ABC Construction Inc. provided the following information:

Cash 210,000,000

Time Deposit 120,000,000

Sinking Fund 90,000,000

Accounts Payable 20,000,000

Income Tax Payable 5,000,000

Accrued Income 10,000,000

New Project Cost 260,000 ,000 for 330 days

Cost of projects currently implemented 2,900,000,000

Problem 1: Compute for the NFCC and explain the purpose of NFCC. In the case of ABC Construction, are they eligible for the new project?.

Reference no: EM132859202

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