Van you help with number 5 and 6, please?
Homework Answers
Q5. When the shares are repurchased the the number of shares held by the shareholder decreases but the price of the share increases, making sure he makes profit. As the share prices increase , sharholders can hold the shares for longer time period and can defer the capital gain tax.
Q6. Account receivable period = account receivable / sales × 365
= 110/5,000 × 365
= 0.0220 × 365
= 8.03 days
Account payable period = account payable / cost of goods × 365
= 270 / 5,000 ×365
= 0.0540 × 365
= 19.71 days
Inventory period = inventory / cost of goods sold × 365
= 550 / 4,200 ×365
= 0.1310 × 365
= 47.8 days
Cash conversion cycle = account receivable period + inventory peruod - account payable period
= 8.03 + 47.8 - 19.71
= 36.12 days
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Van you help with number 5 and 6, please?
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please help fill out this sheet
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