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QUESTION 10 Really Fast Delivery Services has collected the following information about operating expenditures for its...
QUESTION 8 Really Fast Delivery Services has collected the following information about operating expenditures for its delivery truck fleet for the past five years: Year Miles Operating Costs 2013 55,000 $195,000 2014 70,000 $210,000 2015 50,000 $180,000 2016 65,000 $205,000 2017 85,000 $225,500 Using the high-low method, what is the cost estimate for variable costs for 2018? $1.30 $1.60 $1.29 $2.00
1. Using the attached information, calculate for 2015 and 2016 the following: a) Receivables turnover,Inventory turnover, and Payable turnover. b)Receivables period,Inventory period,and Payable period. c)Operating Cycle and Cash Conversion cycle 2. Discuss the changes that took place from 2015 to 2016 and suggest the ways how the company could improve its performance Balance Sheets for Years Ended 2014, 2015, and 2016 ASSETS 2014 2015 2016 Cash and marketable securities Receivables Inventories Total current assets Grass plant and equipment less accumulated...