Homework Answers
| accounts payable in days | 10.25 days |
| inventories in days | 12.10 days |
| accounts recievables in days | 17.75 days |
| cash tot cash metric | 19.6 days |
accounts payable in days shows the average number of days a company needs to pay its obligations.
accounts payable in days=(accounts payable/COGS)*365
accounts payable in days=(58.1/2068.4)*365=10.25 days
inventory in days shows the average number of days that items of inventory are held for.
inventory in days=(inventory/COGS)*365
inventory in days=(68.6/2068.4)*365=12.10 days
accounts recievables in days indicate the average length of time it takes for a company's customer to pay their amount.
accounts recievables in days=(net recievables/sales)*365
accounts recievables in days=(119.5/2456.3)*365=17.75 days
cash to cash metric=inventory in days + accounts recievables in days - accounts payable in days
cash to cash metric=12.10+17.75-10.25=19.6 days
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