For 2023, Grace Enterprises reported sales of $2,700,000, cost of goods sold of $1,900,000, and its A/R days on hand were 37 days for the year, decreasing from 43days last year. Calculate the cash impact of the change in A/R collection from 2022 to 2023,is a negative impact to cash.including a (-) sign if the changeI

The following information has been provided,FY 2023,Sales = $2,700,000Cost of Goods Sold =…

days for the year, decreasing from 43 For 2023, Grace Enterprises reported sales of $2,700,000, cost of goods sold of $1,900,000, and its A/R days on hand were 37 days last year. Calculate the cash impact of the change in A/R collection from 2022 to 2023, including a (-) sign if the change I is a negative impact to cash.

days for the year, decreasing from 43 For 2023, Grace Enterprises reported sales of $2,700,000, cost of goods sold of $1,900,000, and its A/R days on hand were 37 days last year. Calculate the cash impact of the change in A/R collection from 2022 to 2023, including a (-) sign if the change I is a negative impact to cash.

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter5: Evaluating Operating And Financial Performance

Section: Chapter Questions

Problem 5EP

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