ARG Inc. has an overdraft limit of $3.2 million and pays interest on its overdraft at a rate of 6 percent (6%) per year. The company currently has no long-term debt. Current liabilities consist of trade creditors and overdraft finance in each of the three years as follows: Based on the ATTACHED balance sheet and income statement and other financials, Calculate; 1. the interest cover 2. Credit days 3. Stock Days
ARG Inc. has an overdraft limit of $3.2 million and pays interest on its overdraft at a rate of 6 percent (6%) per year. The company currently has no long-term debt. Current liabilities consist of trade creditors and overdraft finance in each of the three years as follows: Based on the ATTACHED balance sheet and income statement and other financials, Calculate; 1. the interest cover 2. Credit days 3. Stock Days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ARG Inc. has an overdraft limit of $3.2 million and pays interest on its overdraft at a rate of 6 percent (6%) per year. The company currently has no long-term debt. Current liabilities consist of trade creditors and overdraft finance in each of the three years as follows:
Based on the ATTACHED
1. the interest cover
2. Credit days
3. Stock Days
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