Giant Koala Stores Inc A)$17 Million
B)$18 Million
C)$19 Million
D)$21

Giant Koala Stores Inc. has forecasted sales for July and August in the top row of the table. Giant Koala makes 85% of its sales for cash and the remainder on credit. The credit sales are collected one month after the sale. What are Giant Koala's forecasted total cash inflows in August? Sales Forecast and Cash Collections
Giant Koala Stores Inc. ($000,000)
$$\begin{array} { | l | c | c | } \hline & \text { July } & \text { August } \\\hline \text { Sales Forecast } & \$ 18.000 & \$ 18.000 \\\hline \text { Cash Sales } & 15.300 & \\\hline \text { Collections from last } & & \\\text { month } & & \\\hline \text { Total Cash Inflows } & & \\\hline\end{array}$$

A) $17 million
B) $18 million
C) $19 million
D) $21.15 million
E) $21.4 million