What accounts receivable level should they have

Reference no: EM133611479

Question: The Martins will use a projected Income Statement to plan their operations: Trade Receivables: $50,000 Cash: 15,000 Short Term Loan: 30,000 Share Capital: 100,000 Long Term Liabilities: 60,000 Property, Plant: 170,000 Prepaid Expenses: 5,000 Long-term Debt Portion: 5,000 Retained Earnings: 25,000 Accumulated Depreciation: 38,000 Current Payables: 32,000 Inventories: 50,000 Q1: Copy CompuTech's Income Statement, and construct their projected Balance Sheet using the above data. [3] Q2: If the company desires a 30-day receivable average, what Accounts Receivable level should they have? If they could invest the savings at 12% how would that impact their profits? Organize your solution, as we did in our in-class activity, using cell references.

Reference no: EM133611479

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