Hi this is one question. The excel sheet is the data to answer the question Quarterly Working Capital ScheduleAll figures in USD thousands unless statedDays in PeriodRevenueCOGSAMOUNTS PER DAYAccounts ReceivableInventoryTOTAL AMOUNTSAccounts ReceivableInventory(Days)(Days)2021Q191.251092,4871,1352021Q291.251092,5791,1652021Q391.251092,6881,1962021Q491.2512 113,3891,6102022Q191.2512113,4571,6622022Q291.2512113,5261,7152022Q391.2512113,5791,7602022Q491.2512 113,6151,806 10Why would an increase in a businesses' days in inventory consume cash?The market is becoming increasingly competitive.The business is expending cash to build up its inventory levels.This is a non-cash item on the balance sheet, and therefore not applicable.The company is collecting on its credit sales faster.

Name: Hi this is one question. The excel sheet is the data to answer the que
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Description: Hi this is one question. The excel sheet is the data to answer the question Quarterly Working Capital ScheduleAll figures in USD thousands unless statedDays in PeriodRevenueCOGSAMOUNTS PER DAYAccounts ReceivableInventoryTOTAL AMOUNTSAccounts Receivab

Any company has to carry sufficient inventory to run its business smoothly without any hindrances.…

Answered: inventory levels.

Business

Accounting

inventory levels.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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