Working capital cash flow. Tires for Less is a franchise of aire stores througho

Question

Working capital cash flow. Tires for Less is a franchise of aire stores throughout the greater Northwest. it has projected the unit sales and costs for each tire type for the next four months in the nopup window EEB The company policy is to have the next month's anticipated sales for made to the various stores throughout the Northwest from the central warehouse. Calculate the monthly increase or decrease in cash flow for inventory for the first three months of the year given that an increase in inventory is a use of cash and a decrease in inventory is a source of cash. Snow Tires: What is the change in working capital for January? SLI (Round to the nearest dollar) What is the change in working capital for February? Round to the nearest dollar.) What is the change in working capital for March? sd (Round to the nearest dollar) Rain Tires: What is the change in working capital for January? S ] (Round to the nearest dollar.) What is the change in working capital for February? (Round to the nearest dollar) Enter your answer in each of the answer boxes

Explanation / Answer

Month Snow Tree Rain Tires All-Terrain Tires All-Purpose Tires Inventory Increase/(Decrease) in Inventory Use/Source Sales Inventory Increase/(Decrease) in Inventory Use/Source Sales Inventory Increase/(Decrease) in Inventory Use/Source Sales Inventory Increase/(Decrease) in Inventory Use/Source Sales December    17,63,000      7,04,000         1,44,000                 22,42,000 January    14,76,000                        (2,87,000) Source 17,63,000    10,24,000                          3,20,000 Use      7,04,000         2,06,400                             62,400 Use           1,44,000                 20,52,000                        (1,90,000) Source          22,42,000 February      6,15,000                        (8,61,000) Source 14,76,000    13,76,000                          3,52,000 Use    10,24,000         3,84,000                         1,77,600 Use           2,06,400                 19,00,000                        (1,52,000) Source          20,52,000 March          98,400                        (5,16,600) Source     6,15,000      6,40,000                        (7,36,000) Source    13,76,000         3,84,000                                      -   No Change           3,84,000                 24,70,000                          5,70,000 Use          19,00,000 April         98,400      6,40,000           3,84,000          24,70,000

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