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Tomatsui Company provided the following annual data: Sales P3,500,000 Cost of Sales P2,275,000 Operating Expenses P525,000 Depreciation & non-cash items in operating expenses amounted P77,500. Tomatsui Company operates 300 days annually. How much must be the company's minimum cash balance if 7 days requirement is desired ?

Tomatsui Company provided the following annual data: Sales P3,500,000 Cost of Sales P2,275,000 Operating Expenses P525,000 Depreciation & non-cash items in operating expenses amounted P77,500. Tomatsui Company operates 300 days annually. How much must be the company's minimum cash balance if 7 days requirement is desired ?

FINANCIAL ACCOUNTING
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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Question 5 Tomatsui Company provided the following annual data: Sales P3,500,000 Cost of Sales P2,275,000 Operating Expenses P525,000 Depreciation & non-cash items in operating expenses amounted P77,500. Tomatsui Company operates 300 days annually. How much must be the company's minimum cash balance if 7 days requirement is desired ? OP63,525 OP65,333 P53,083 P81,667
Transcribed Image Text:Question 5 Tomatsui Company provided the following annual data: Sales P3,500,000 Cost of Sales P2,275,000 Operating Expenses P525,000 Depreciation & non-cash items in operating expenses amounted P77,500. Tomatsui Company operates 300 days annually. How much must be the company's minimum cash balance if 7 days requirement is desired ? OP63,525 OP65,333 P53,083 P81,667
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