Days Receivable = (Accounts Receivable / Revenue) x No of days in period
Days Inventory =(Closing Stock /Cost of Goods Sold) × No of days in period
Operating cycle =Days receivable + Days inventory
Days payable = (Accounts Payable / Cost of Goods Sold) x No of days in period
Cash cycle = Operating cycle - Days payable
Note For simplicity 30 days a month is normally assumed in textbooks.
If you want a more precise answer you can put 31 28 and 31 days for Jan Feb and March respectively.
Please post all Excel formulas. Prob. 1 Prob. 2 Mar. Mar. 1019 Income Statement (in MS)...
Sales Cost of goods sold Gross margin Sales, general admin Interestepense Taxable income Jan 123 78 45 12 Feb Mar 131144 2399 48 55 13 12 30 33 Net income 24 25 1919 Balance Sheetſin M5) Jan Feb 625 814 Receivables 160 177 Inventory 105 123 Curr. Assets 890 1.114 PPSE 1,176 1.176 Total Assets 2,066 2.290 Payables Notes Payable Accruals 30 34 LTD 50 50 Curr. Liabilities 200 206 LTD 300 Equity 1,566 1.784 Total LGE 2,066 2,290 Mar...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
************I AM LOOKING FOR AN EXCEL VERSION + PHOTOS OF THE FORMULAS SHOWN IN THE EXCEL PLEASE. ************** Check figures: cash collections at end of quarter = $814,800 Deficiency in cash at the end of the quarter = $(99,206) I am unsure if my excel spread is correct but it is what I have so far.. PLEASE SHOW YOUR EXCEL + THE FORMULAS SHOWN IN EXCEL (ex: =B13-A12 or =SUM(B17:B37) ETC.) Kline Sisters Company operates a gift shop where peak...
MUST SHOW ALL CELL FORMULAS Required: You need to prepare a comprehensive 12-month budget, including supporting schedules and a report for the period January 1, 2020 to December 31, 2020 for Hedron, Inc. INFORMATION FOR HEDRON, INC. Hedron, Inc. is a company that re-sells one product, a particularly comfortable lawn chair. An overseas contractor makes the product exclusively for Hedron, so Hedron has no manufacturing related costs. PRODUCT COSTS In Nov of 2019, each lawn chair costs Hedron $4 per...
11. You have the following balance sheet and income statement information for Epic Corp.: Balance sheet $ Accounts receivable (A/R) 1,800 Inventory 3,600 Accounts payable (A/P) 760 Income statement $ Sales 7,200 Cost of goods sold (COGS) 5,760 All sales and purchases were on credit. a. How long is the days inventory outstanding (in days)? b. How long is the collection period (in days)? c. How long is the payables period (in days)? d. How long is the cash conversion...
Presented here are a statement of income and Retained Earnings and Comparative Balance Sheets for Madison Pty Ltd , Which Operates a national chain of sporting goods stores. Statement of income and Retained Earnings for the year ended 31 December 2016 Net sales 48000 Cost of Goods sold 36000 Gross Profit 12000 Selling, General and admin Expense 6000 Operating Income 6000 Interest Expense 280 Income Before Tax 5720 Income tax expense 2280 Net income 3440 Preference Dividends 100 Income available...
Question 1 - The Income Statement Using Figure 2-1 on page 15 as your Income Statement form, review the following facts and prepare an Income Statement. Charlie's Chairs has the following expenses and sales revenue for the year: Cost of Goods Sold ----- $6,358,000 Income Tax Expense ---- $458,000 Interest Expense ---- $684,000 Wages Expense --- $2,500,000 Rent ----$500,000 Selling Expenses ---- $1,000,000 Depreciation ---- $300,000 Amortization ----$75,000 Sales Revenue ---- $13,125,000 Question 2 - The Balance Sheet Using Figure...
please help. File Home Insert Page Layout Formulas Data | - 10-AN = Paste * Cut Ca Copy Format Painter Clipboard D23 Font НА ЛИ UBLIC 1 Homework Assignment 2 Data Sheet Assumptions 2017 2016 650 935 50 25 5 Accounts payables 885 6 Accounts receivables 950 7 Net Sales 7,800 5,500 8 Common stock 350 350 9 Operating costs 5,243 3,756 10 Gross fixed assets 4,500 3,500 11 Interest expense 12 Long-term debt 2,000 1,800 13 Depreciation & amortization...
FORECASTING ASSIGNMENT- Peel Inc. Assume you are the Financial Analyst for Peel Inc., and it is the end of December 2019. Peel Inc., a manufacturing company, has been growing quickly, but it has found that its financial situation is continually under pressure. Production has fluctuated to meet demand in an attempt to provide first-class service, resulting in larger inventory positions. Also, the collection of accounts has worsened to approximately 60 days, which is well above the terms of 30 days....
INSTRUCTIONS: Based on the information available below, complete the Cash Budget, Income Statement, and Budgeted Balance Sheet worksheet 4 A relatively new company, Get Laughy Taffy, Inc., has determined they need to engage in a budgeting 5 process as part of their new strategic plan. The Company has asked you to provide the following items 6 for the months of January, February, and March of 2020: A) a Purchases Budget; B) a Cash Budget; C) a 7 Budgeted Income Statement;...