Question

Seiko Inc. has the following data. What is the company's cash conversion cycle? Sales per day...

Seiko Inc. has the following data. What is the company's cash conversion cycle? Sales per day $13,500 Annual cost of goods sold $1,300,000 Inventory $2,400,000 Accounts receivable $1,800,000 Accounts payable $2,800,000 (One year has 365 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
Shulman Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's...
Shulman Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = $45,000 Annual cost of goods sold = $30,000 Inventory = $4,500 Accounts receivable = $1,800 Accounts payable = $2,500
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual...
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual sales of $36,500,000, or $100,000 a day on a 365-day basis. The firm's cost of goods sold is 65% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. Its CFO has proposed new policies that would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by...
Westerly Industries has the following financial information. What is its cash conversion​ cycle? (Hint: Use a​...
Westerly Industries has the following financial information. What is its cash conversion​ cycle? (Hint: Use a​ 365-day year.) Sales                                                            ​$110 comma 000110,000 Cost of Goods Sold 88 comma 00088,000 Accounts Receivable                                                35 comma 20035,200 Inventory                                                19 comma 80019,800 Accounts Payable 47 comma 30047,300 The cash conversion cycle is nothing days.  ​(Round to two decimal​ places.)
Whitson Co. is looking for ways to shorten its cash conversion cycle. It has annual sales...
Whitson Co. is looking for ways to shorten its cash conversion cycle. It has annual sales of $45,625,000, or $125,000 a day on a 365-day basis. The firm's cost of goods sold is 60% of sales. On average, the company has $7,500,000 in inventory, $5,750,000 in accounts receivable, and $2,750,000 in accounts payable. Its CFO has proposed new policies that would result in a 25% reduction in both average inventories and accounts receivable, and a 10% increase in average accounts...
Westerly Industries has the following financial information. What is its cash conversion​ cycle? (Hint: Use a​...
Westerly Industries has the following financial information. What is its cash conversion​ cycle? (Hint: Use a​ 365-day year.) Sales                                                            ​$150,000 Cost of Goods Sold 120,000 Accounts Receivable 45,000 Inventory   24,000 Accounts Payable 64,500
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual...
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual sales of $36,500,000, or $100,000 a day on a 365-day basis. The firm's cost of goods sold is 70% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. Its CFO has proposed new policies that would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by...
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual...
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual sales of $36,500,000, or $100,000 a day on a 365-day basis. The firm's cost of goods sold is 75% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. Its CFO has proposed new policies that would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by...
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual...
Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual sales of $36,500,000, or $100,000 a day on a 365-day basis. The firm's cost of goods sold is 80% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. Its CFO has proposed new policies that would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by...
The Global Corp has the following data, in thousands. Assuming a 365-day year, what is the...
The Global Corp has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? What does the number mean? Annual sales = $45,000 Annual cost of goods sold = $22,500 Inventory = $4,500 Accounts receivable = $1,800 Accounts payable = $2,500
Edison Inc. has annual sales of $49,000,000 on a 365-day basis. The firm's cost of goods...
Edison Inc. has annual sales of $49,000,000 on a 365-day basis. The firm's cost of goods sold are 75% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. The firm is looking for ways to shorten its cash conversion cycle. Its CFO has proposed new policies that would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by 10%, while the payables...