Question

Tire City has an inventory turnover rate of 8.5, a receivables turnover rate of 12.2, and...

Tire City has an inventory turnover rate of 8.5, a receivables turnover rate of 12.2, and a payables turnover rate of 11.4. How long is the operating cycle? 81.19 days 72.86 days 88.73 days 66.87 days 61.30 days

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ABC Corporation currently has an inventory turnover of 24.11, a payables turnover of 12.9, and a...
ABC Corporation currently has an inventory turnover of 24.11, a payables turnover of 12.9, and a receivables turnover of 15.4. How many days are in the cash cycle?
A company has an accounts receivable turnover ratio of 146 times, and an inventory turnover ratio...
A company has an accounts receivable turnover ratio of 146 times, and an inventory turnover ratio of 73 times. What is the length of the company’s operating cycle? A : 109.5 times B : 219 days C : 1.67 times D : 7.5 days
QUESTION 1 1. ABC Corporation currently has an inventory turnover of 5.05, a payables turnover of...
QUESTION 1 1. ABC Corporation currently has an inventory turnover of 5.05, a payables turnover of 24.95, and a receivables turnover of 11.09. How many days are in the cash cycle? Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. QUESTION 1. As of this morning, your firm had a ledger balance of $4,894 with no outstanding deposits or checks. Today, your firm deposited 5...
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 $112,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.95 times during the year. Its receivables balance at the end of the year was $13,134.81 and its payables balance at the end of the year was $7,401.66. Using this information calculate the firm's cash...
A. A firm has $12,900 in receivables and $411,800 in total assets. The total asset turnover...
A. A firm has $12,900 in receivables and $411,800 in total assets. The total asset turnover rate is 1.95 and the profit margin is 14.2 percent. How long on average does it take the firm to collect its receivables? Group of answer choices ​11.43 days ​5.86 days ​31.92 days ​80.52 days ​62.25 days ​B. Cross Hairs Gun Shop has sales of $12,189,000, a profit margin of 2.8 percent, and a capital intensity ratio of 0.49. What is the return on...
3. Winston Inc. is trying to determine the effect of its inventory turnover ratio and days...
3. 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 $127,000 and its cost of goods sold was 75% of sales. It turned over its inventory 9 times during the year. Its receivables balance at the end of the year was $13,105.05 and its payables balance at the end of the year was $7,417.15. Using this information calculate the firm's...
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 2013 sales (all on credit) were $191,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.53 times during the year. Its receivables balance at the end of the year was $13,106.24 and its payables balance at the end of the year was $7,396.1. 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 $102,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.09 times during the year. Its receivables balance at the end of the year was $13,152 and its payables balance at the end of the year was $7,403.52. 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 $162,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.4 times during the year. Its receivables balance at the end of the year was $13,143.36 and its payables balance at the end of the year was $7,404.47. 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 $190,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.06 times during the year. Its receivables balance at the end of the year was $13,145.01 and its payables balance at the end of the year was $7,416.42. Using this information calculate the firm's cash...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT