Siren Inc. has annual sales of $85,000,000, COGS of $75,000,000,
its average inventory is $20,000,000, and...
Siren Inc. has annual sales of $85,000,000, COGS of $75,000,000,
its average inventory is $20,000,000, and its average accounts
receivable is $16,000,000. The firm buys all raw materials on terms
of net 33 days, and it pays on time. The firm is searching for ways
to shorten the cash conversion cycle. If sales can be maintained at
existing levels while lowering inventory by $4,000,000 and accounts
receivable by $2,000,000, by how many days would the cash
conversion cycle be changed?...
At year-end,
SnowSnow
has cash of
$11,000,
current accounts receivable of
$20,000,
merchandise inventory of
$35,200,...
At year-end,
SnowSnow
has cash of
$11,000,
current accounts receivable of
$20,000,
merchandise inventory of
$35,200,
and prepaid expenses totaling
$5,700.
Liabilities of
$40,000
must be paid next year. Assume accounts receivable had a
beginning balance of
$80,000
and net credit sales for the current year totaled
$800,000.
How many days did it take
SnowSnow
to collect its average level of receivables? (Assume 365
days/year. Round any interim calculations to two decimal places.
Round the number of days to the...
Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of
Sales; Accounts receivable: $350,000; Inventory: $600,000;...
Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of
Sales; Accounts receivable: $350,000; Inventory: $600,000; Accounts
payable: $150,000 What is the expected working capital financing
requirement based on the working capital cycle? Use 1 year = 365
days
$736,438
$756,164
$604,932
$920,548
A company has inventory balance of $26,169, accounts receivable
of $10,432, and accounts payable of $15,226....
A company has inventory balance of $26,169, accounts receivable
of $10,432, and accounts payable of $15,226. If the credit sales
are $194,874 and cost of goods sold are $139,527, what is the
company's cash (conversion) cycle in number of days? (Use ending
balances and assume 365 days in a year.)
Options:
36.84
37.84
38.84
39.83
40.83
A company has inventory balance of $22,467, accounts receivable
of $8,842, and accounts payable of $13,504....
A company has inventory balance of $22,467, accounts receivable
of $8,842, and accounts payable of $13,504. If the credit sales are
$171,186 and cost of goods sold are $118,377, what is the company's
cash (conversion) cycle in number of days? (Use ending balances and
assume 365 days in a year.)
a) 41.64
b)40.60
c) 44.76
d) 42.68
e)43.72
1. IMC Ltd. has consistent annual sales of $75 million, cost of
goods sold (COGS) of...
1. IMC Ltd. has consistent annual sales of $75 million, cost of
goods sold (COGS) of $61 million, and operating expenses of $5
million. Company policy is to maintain an inventory balance equal
to 40% of COGS at all times. In accordance with the firm’s credit
policy, 90% of sales are on credit, with all customers paying on
the due date. The accounts receivable balance is constant at $4.5
million. IMC always pays its bills exactly on the due date,...
Using the following information, and a 360-year. Calculate the
accounts receivable period, accounts payable period, inventory...
Using the following information, and a 360-year. Calculate the
accounts receivable period, accounts payable period, inventory
period, and cash conversion cycle for the following firm: Income
statement data: Sales 5,000 Cost of goods sold 4,200 Balance sheet
data: Beginning of Year End of Year Inventory 500 600 Accounts
receivable 100 120 Accounts payable 250 290
A firm has an average accounts payable of $73,763.00, with COGS
reported at $804,902.00 for the...
A firm has an average accounts payable of $73,763.00, with COGS
reported at $804,902.00 for the past year. A supplier has offered
the firm a large discount if they can reduce days payable to 7
days. What would be the average accounts payable if they take this
discount?
Sempurna Manufacturing Company (SMC) has an average accounts
receivable balance of RM1,250,000, an average inventory balance...
Sempurna Manufacturing Company (SMC) has an average accounts
receivable balance of RM1,250,000, an average inventory balance of
RM1,750,000, and an average accounts payable balance of RM800,000.
Its annual sales are RM12,000,000 and its cost of goods sold
represents 80 percent of annual sales. Assume there are 365 days in
a year. What is SMC’s cash conversion cycle?
"hopefully the answer without using excel"
Question 4: During 2016, XYZ Ltd. had the inventory period of 25
days, the accounts receivable...
Question 4: During 2016, XYZ Ltd. had the inventory period of 25
days, the accounts receivable period of 30 days and the accounts
payable period of 20 days. Assume that XYZ Ltd. has the credit
sales of $365 million in 2016 and the cost of goods sold of
$255.5million. It had beginning of the year inventories,
receivables and payables of $15 million, $28 million and $12
million respectively: i) Calculate the operating cycle and the cash
conversion cycle of XYZ...