Suppose that at the end of 2020, 3M management used $180 million cash to pay off $180 million of accounts payable. How would its current ratio and working capital have changed?

Money from an allowance or job is known as .

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.

What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.