How change in cash in year three is closest to

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Reference no: EM132489908

First year sales $200,000

Annual sales growth30%

COGS as a percentage of sales30%

Operating expenses as a percentage of sales45%

Tax rate35%

Noncash working capital as a percentage of sales60%

Annual investment in fixed capital as a percentage of sales8%

Beginning noncash working capital$140,000

Beginning cash$15,000

Question 1: How Change in cash in Year 3 is closest to:

a. -$31,966

b. -$18,915

c. $24,590

Reference no: EM132489908

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