Which of the following is used in the projection of Current Assets Other than Cash? a....
Which of the following is used in the projection of Current Assets Other than Cash?
a. Projected sales
b. Projected COGS
c. appropriate asset turnover ratios
d. all of the above
Homework Answers
answer: option d) : all of the above
explanation
1 current assets are projected with the appropriate asset turnover ratios and also needed the projected sales and cost of goods sold.
2) the assets which are liquidated in one accounting period is called current assets
3) current assets turnover ratio= projected sales/current assets
4) projected sales are used for calculating the appropriate turnover ratios
5) sometimes cost of goods sold is also helpful in calculation of inventory and turnover ratios
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Which of the following is used in the projection of Current
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