Consider the following financial statement information for the Schwertzec Corporation: |
Item | Beginning | Ending | |||||||
Inventory | $ | 11,700 | $ | 12,700 | |||||
Accounts receivable | 6,700 | 7,000 | |||||||
Accounts payable | 8,900 | 9,300 | |||||||
Credit sales | $ | 97,000 | |||||||
Cost of goods sold | 77,000 | ||||||||
Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) |
Operating cycle | days |
Cash cycle | days |
Consider the following financial statement information for the Schwertzec Corporation: Item Beginning Ending Inventory $ 11,700...
Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $ 11,700 $ 12,700 Accounts receivable 6,700 7,000 Accounts payable 8,900 9,300 Net sales $ 97,000 Cost of goods sold 77,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Consider the following financial statement information for the Hop Corporation: Item Beginning $10,400 Ending $11,400 Inventory Accounts 5,400 5,700 receivable Accounts 7,600 8,000 payable Net sales $84,000 Cost of goods sold 64,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Operating cycle days days Cash cycle
Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $ 10,300 $ 11,300 Accounts receivable 5,300 5,600 Accounts payable 7,500 7,900 Net sales $ 83,000 Cost of goods sold 63,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Consider the following financial statement information for the Amaryllis Corporation: Item Beginning Ending Inventory $8,732 $9,418 Accounts receivable 3,721 4,162 Accounts payable 4,384 4,791 Net sales $138,503 Cost of goods sold 86,313 Required: Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Operating cycle days Cash cycle days
Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $ 10,200 5,200 7,400 Ending $11,200 5,500 7,800 $82,000 62,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) days Operating cycle Cash cycle days
Consider the following financial statement information for the Sourstone Corporation: Item Beginning Ending Inventory $7,203 $9,041 Accounts receivable 3,069 3,995 Accounts payable 3,617 4,599 Net sales $95,982 Cost of goods sold 59,814 Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
QUESTION 7 Consider the following financial statement information for the Newk Corporation: Beginning Ending Inventory $ 10,500 11 500 Accounts receivable 5,500 5,800 Accounts payable 7.700 8,100 Credit sales $ 85,000 Cost of goods sold 65,000 Calculate the cash cycle. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e... 32.16.) MISTIAL
2. Consider the following financial statement information for the Rivers Corporation: Item Beginning Ending Inventory $17,385 $19,108 Accounts receivable 13,182 13,973 Accounts payable 15,385 16,676 Net sales $216,384 Cost of goods sold 165,763 Calculate the operating and cash cycles. How do you interpret your answer
1. Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $ 10,800 $ 11,800 Accounts receivable 5,800 6,100 Accounts payable 8,000 8,400 Net sales $ 88,000 Cost of goods sold 68,000 Calculate the operating cycle Calcuate the cash cycle 2. Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. COUNTRY KETTLES, INC. Balance Sheet 2018...
Page 633 Calculating Cycles [LO1] Consider the following financial statement information for the Newk Corporation: Item Beginning Ending Inventory $11,718 $14,865 5,860 6,127 Accounts receivable Accounts payable 7,930 8,930 Credit sales $127,382 Cost of goods sold 76,157 Calculate the operating and cash cycles. How do you interpret your answer? Factoring Receivables 21 Vour firm bacanavar collection seriod of 31 deve Current bractica je to factor all receivable immediately at a discount of 15 arcant What is the