Franklin, Inc., has an inventory turnover of 15.9 times, a payables turnover of 9.7 times, and...
Franklin, Inc., has an inventory turnover of 15.9 times, a payables turnover of 9.7 times, and a receivables turnover of 8.2 times. What is the company's cash cycle? Assume 365 days per year. Multiple Choice 59.19 days 29.84 days 52.61 days 16.07 days 34.10 days
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Franklin, Inc., has an inventory turnover of 15.9 times, a
payables turnover of 9.7 times, and...
GPR, Inc., has an inventory turnover of 27.06 times, a payables turnover of 15.09 times, and...
GPR, Inc., has an inventory turnover of 27.06 times, a payables turnover of 15.09 times, and a receivables turnover of 8.56 times. What is the length of the company's cash cycle? Assume 365 days per year.
Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and...
Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2017 sales (all on credit) were $117,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.77 times during the year. Its receivables balance at the end of the year was $13,148.72 and its payables balance at the end of the year was $7,407.63. Using this information calculate the...
The inventory turnover for Haute Hippie has gone from an average of 9.94 times to 10.57...
The inventory turnover for Haute Hippie has gone from an average of 9.94 times to 10.57 times per year. How does this affect the inventory period? Assume 365 days per year. Multiple Choice Decrease of 2.41 days. Decrease of 2.19 days. Increase of 2.01 days. Increase of 2.19 days. Decrease of 2.01 days.
CASH CONVERSION CYCLE Chastain Corporation is trying to determine the effect of its inventory turnover ratio...
CASH CONVERSION CYCLE Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 sales (all on credit) were $240,000; its cost of goods sold is 80% of sales; and it earned a net profit of 2%, or $4,800. It turned over its inventory 5 times during the year, and its DSO was 31.5 days. The firm had fixed assets totaling $40,000. Chastain's payables deferral period...
Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and...
Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2015 sales (all on credit) were $143,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.66 times during the year. Its receivables balance at the end of the year was $13,143.85 and its payables balance at the end of the year was $7,398.31. Using this information calculate the...
Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales...
Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2015 sales (all on credit) were $123,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.22 times during the year. Its receivables balance at the end of the year was $13,125.85 and its payables balance at the end of the year was $7,395.59. Using this information calculate the firm's cash...
Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales...
Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2015 sales (all on credit) were $156,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.96 times during the year. Its receivables balance at the end of the year was $13,183.94 and its payables balance at the end of the year was $7,401.53. Using this information calculate the firm's cash...
Mandesa, Inc. has current liabilities of $9,400,000, current ratio of 1.8 times, inventory turnover of 10...
Mandesa, Inc. has current liabilities of $9,400,000, current ratio of 1.8 times, inventory turnover of 10 times, average collection period of 44 days, and credit sales of $65,400,000. Calculate the value of cash and marketable securities. (Use 365 days a year. Do not round your intermediate calculations. Round your final answer to the nearest dollar amount.)
A firm has an inventory turnover rate of 10, a receivables turnover rate of 14, and...
A firm has an inventory turnover rate of 10, a receivables turnover rate of 14, and a payables turnover rate of 12. How long is the operating cycle? 71.80 days 68.72 days 44.79 days 62.57 days 54.15 days
Kal Electronics has an inventory turnover rate of 7.6, a receivables turnover rate of 11.5, and...
Kal Electronics has an inventory turnover rate of 7.6, a receivables turnover rate of 11.5, and a payables turnover rate of 9.5. How long is the operating cycle? 84.35 days 79.77 days 74.13 days 69.52 days 61.08 days
CASH CONVERSION CYCLE Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 sales (all on credit) were $240,000; its cost of goods sold is 80% of sales; and it earned a net profit of 2%, or $4,800. It turned over its inventory 5 times during the year, and its DSO was 31.5 days. The firm had fixed assets totaling $40,000. Chastain's payables deferral period...
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