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Primrose Corp has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables.  Its cost of goods sold is 80 percent of sales, and it finances working capital with bank loans at an 8 percent rate.  ,If Primrose lowered inventories and receivables by 10% each and increased payables by 10%; If Sales and COGS remain the same, then how much cash would be freed up? Hint: The cash freed up is not $400,000.,a. $409,000,b. $427,000,c. $358,000,d. None of the above

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