27. The Up-Towner has sales of $913,400, costs of goods sold of $579,300, inventory of $123,900, and accounts receivable of $78,900. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? |
Inventory Days = Inventory / (Cost of Good Sold/365)
= 123,900 / (579,300/365)
= 78.07 days
27. The Up-Towner has sales of $913,400, costs of goods sold of $579,300, inventory of $123,900,...
Bezos Corp. has sales of $913,400, costs of goods sold of $579,300, inventory of $135,000, and accounts receivable of $78,900. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? OA) 121.07 days OB) 85.06 days OC) 106.46 days OD) 57.97 days E) 118.08 days
Mario's Home Systems has sales of $2,890, costs of goods sold of $2,230, inventory of $518, and accounts receivable of $437. How many days, on average, does it take Mario's to sell its inventory? 1 ο ο 65.42 days ο 55.19 days ο 83.62 days ο
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Annual sales $9,700,000 Cost of goods sold $7,275,000 Inventory $3,200,000 Accounts receivable $1,800,000 Accounts payable $2,400,000 Blue Ostrich's CFO is interested in determining the length of time funds are tied up in working capital. Use the information in the preceding table to complete the following table. (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) Value Inventory conversion period Average collection period Payables deferral period Cash conversion cycle...
Problem 12.20 Premier Corp. has net sales of $1,000,000, and cost of goods sold equal to 76 percent of net sales. Assume all sales are credit sales. If the firm’s accounts receivable total $127,000 and its operating cycle is 79.0 days, how much inventory does the firm have? (Round answer to nearest dollar, e.g. 5,275.) The firm’s inventory is $..............