b) 86 days c) 172 days d)
129 days
2. The following events have been projected:
A. Cash sales and collections from customers totaling $ 980,000
B. Cash payments for operating expenses of $ 560,000
C. Cash payments for income taxes and interest expense of $ 45,000
D. Cash payments of prior period accruals of $ 80,000
E. Borrowed $ 50,000 cash by issuing a note payable