Answered: 2011 2012 2013 2014 Days' Sales in…

2011 2012 2013 2014 Days' Sales in Inventory Days' Sales in Receivables 81 69 62 46 20 46 119 144 Accounts payable period 84 90 95 91 Cash cycle in days 17 25 85 98

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 5TF: LO4 Accounts receivable turnover is the number of times merchandise inventory turned over or was...

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Question

Based on the information for the past four years (attached in the screenshot), could you explain why the company’s cash cycle seems to be increasing, without going into any calculations? Also, what are two remedial actions the company could take to improve this situation?

2011
2012
2013
2014
Days' Sales in Inventory
Days' Sales in Receivables
81
69
62
46
20
46
119
144
Accounts payable period
84
90
95
91
Cash cycle in days
17
25
85
98

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LO4 Accounts receivable turnover is the number of times merchandise inventory turned over or was sold during the accounting period.
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