Enter negative sign in front of the number or put


Six Twelve, Inc., is considering opening up a new convenience store in downtown New York City. The expected annual revenue of the new store is $800,000. To estimate the increase in working capital, analysts estimate the ratio of cash and cash-equivalents to revenue to be 0.03 and the ratios of receivables, inventories, and payables to revenue to be 0.05, 0.10, and 0.04 respectively, in the same industry. What is the incremental cash flow related to working capital when the store open? Enter negative sign in front of the number or put parentheses around the number. The answer to this question is negative not positive.

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Finance Basics: Enter negative sign in front of the number or put
Reference No:- TGS0618297

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