单选题
A company has annual credit sales of $27 million and related cost of sales of $15 million. The company has the following targets for the next year:
Trade receivables days 50 days
Inventory days 60 days
Trade payables 45 days
Assume there are 360 days in the year.
What is the net investment in working capital required for the next year?
【正确答案】
B
【答案解析】Inventory = 15,000,000 x 60/360 = $2,500,000
Trade receivables = 27,000,000 x 50/360 = $3,750,000
Trade payables = 15,000,000 x 45/360 = $1,875,000
Net investment required = 2,500,000 + 3,750,000 – 1,875,000 = $4,375,000