Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 73 days, an average collection...
Cash Conversion Cycle
Negus Enterprises has an inventory conversion period of 73 days, an average collection period of 40 days, and a payables deferral period of 37 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.
1. What is the length of the firm's cash conversion cycle?
days
2. If Negus's annual sales are
$3,437,675 and all sales are on credit, what is the firm's
investment in accounts receivable? Round your answer to the nearest
dollar. Do not round intermediate calculation.
$
3. How many times per year does
Negus Enterprises turn over its inventory? Round your answer to two
decimal places. Do not round intermediate calculation.
x
Homework Answers
1.
=Inventory conversion period+Average Collection period-Payables
Deferral period
=73+40-37
=76
2.
Accounts Receivable=Collection Period*Net
Sales/365=40*3437675/365=376731.5068
3.
Inventory turnover ratio=365/73=5
Add Answer to:
Cash Conversion
Cycle
Negus Enterprises has
an inventory conversion period of 73 days, an average collection...
Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 58 days, an...
Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 58 days, an average collection period of 37 days, and a payables deferral period of 31 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations. What is the length of the firm's cash conversion cycle? days If Negus's annual sales are $3,123,300 and all sales are on credit, what is the firm's investment in accounts receivable? Round...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 48 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days b. If annual sales are $4,818,000 and all sales are on credit, what...
Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 70 da...
Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 70 days, an average collection period of 48 days, and a payables deferral period of 38 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations. What is the length of the firm's cash conversion cycle? days If Negus's annual sales are $3,106,575 and all sales are on credit, what is the firm's investment in accounts receivable? Round...
ack to Assignment Attempts: Keep the Highest: /3 4. Problem 21-11 (Cash Conversion Cycle) eBook Cash...
ack to Assignment Attempts: Keep the Highest: /3 4. Problem 21-11 (Cash Conversion Cycle) eBook Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 70 days, an average collection period of 40 days, and a payables deferral period of 29 days. Assume that cost of goods sold is 80 % of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43 days, and a payables deferral period of 23 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. days If Zane's annual sales are $2,181,245 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33 days, and a payables deferral period of 40 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. 76 days b. If Zane's annual sales are $4,278,570 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do...
Value options Inventory conversion period: 56.77 days 43.26 days 45.96 days 131.70 days Average collection period:...
Value options
Inventory conversion period:
56.77 days
43.26 days
45.96 days
131.70 days
Average collection period:
34.20 days
23.32 days
86.55 days
29.54 days
Payables deferral period:
62.57 days
49.53 days
54.75 days
127.00 days
Cash conversion cycle:
31.37 days
91.25 days
29.72 days
28.07 days
Then the multiple choices
1. Cash conversion cydle AaAa Consider the case of Green Melon Electronics Company: Green Melon Electronics Company is a mature firm that has a stable flow of business. The following...
Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory conversion period...
Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 38 days Average collection period = 19 days Payables deferral period = 20 days Answer 33 days 37 days 41 days 45 days 49 days
Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period...
Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days a. 31 days b. 34 days c. 38 days d. 42 days e. 46 days
13. Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory Conversion...
13. Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period= Receivables Collection Period = Payables Deferral Period = 38 days 19 days 38 days
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 48 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days b. If annual sales are $4,818,000 and all sales are on credit, what...
ack to Assignment Attempts: Keep the Highest: /3 4. Problem 21-11 (Cash Conversion Cycle) eBook Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 70 days, an average collection period of 40 days, and a payables deferral period of 29 days. Assume that cost of goods sold is 80 % of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33 days, and a payables deferral period of 40 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. 76 days b. If Zane's annual sales are $4,278,570 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do...
Value options
Inventory conversion period:
56.77 days
43.26 days
45.96 days
131.70 days
Average collection period:
34.20 days
23.32 days
86.55 days
29.54 days
Payables deferral period:
62.57 days
49.53 days
54.75 days
127.00 days
Cash conversion cycle:
31.37 days
91.25 days
29.72 days
28.07 days
Then the multiple choices
1. Cash conversion cydle AaAa Consider the case of Green Melon Electronics Company: Green Melon Electronics Company is a mature firm that has a stable flow of business. The following...
13. Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period= Receivables Collection Period = Payables Deferral Period = 38 days 19 days 38 days
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