Please do not give solution in image format thanku James asked for your help computing the working capital requirements associated with aproposed investment. The projected financial information for the first five years below:12345Sales18,000.00 30,000.00 15,000.00 12,000.00 20,000.00Cost of Sales 10,800.00 18,000.00 9,750.00 7,800.00Gross Profit 7,200.00 12,000.00 5,250.00 4,200.0013,000.007,000.0025. Assuming James wants to plan on 29.5 days in Accounts Receivable based on projectedsales, what is the estimated Accounts Receivable for Year One rounded to two decimalpoints?26. Assuming James wants to plan on an inventory turn of 12 based on projected cost of sales,what is estimated Inventory required for Year One rounded to two decimal points?

The inventory turnover ratio is an efficiency ratio that measures how many times the inventory was…

James asked for your help computing the working capital requirements associated with a proposed investment. The projected financial information for the first five years below: 1 2 3 4 Sales 18,000.00 30,000.00 15,000.00 12,000.00 Cost of Sales 10,800.00 18,000.00 9,750.00 7,800.00 Gross Profit 7,200.00 12,000.00 5,250.00 4,200.00 5 20,000.00 13,000.00 7,000.00 25. Assuming James wants to plan on 29.5 days in Accounts Receivable based on projected sales, what is the estimated Accounts Receivable for Year One rounded to two decimal points? 26. Assuming James wants to plan on an inventory turn of 12 based on projected cost of sales, what is estimated Inventory required for Year One rounded to two decimal points?