A company has days sales outstanding of 44 days and days inventory outstanding of 36 days whilst days payable outstanding is 43 days. The cash cycle days is: a. 43 days b. 80 days c. 51 days d. 37 days e. 1 day

Q: Assume the Day sales outstanding (DSO) 36 days, Sales revenues $500,000, calculation based on 360…

A: Days sales outstanding is a financial metric that helps in determining the number of days that a…

Q: The management of Zigby Manufacturing prepared the following balance sheet for March 31. ZIGBY…

A: Budget is an estimation of future profit and loss in advance.Management prepares master budget for…

Q: Compute for the Day Sales Outstanding of Company X and Y. Compare each other. Use 360 days.…

A: Accounts receivables for company X are P452,100 Accounts receivables for company Y are P233,200…

Q: Calculate the Average Collection Period for 2021 using the following information: Net Sales…

A: In this question, we need to compute the Average collection period for the year 2021. Average…

Q: 1. Complete the balance sheet and sales information using the following financial data: Balance…

A: A component of the financial statement that provides information regarding the assets, liabilities,…

Q: DEFG Company has an inventory conversion period of 66 days, a receivable conversion period of 35…

A: The operating cycle is the time that a firm takes to purchase goods and convert the same into cash…

Q: A company estimate the purchases for the following months: - Month October NovemberDecember January…

A: Purchase of goods can be made by two ways. One is cash purchases in which cash is paid immediately…

Q: Teams MSFT Corporation has the following information: Inventory conversion period 79.02 days…

A: To determine the length of time (days) for Microsoft Corporation to cycle cash, we can use the cash…

Q: 1. Based on the following financial statement information, what is the cash cycle? Interpret. (2…

A: Cash cycle = Days of Sales outstanding + Days of inventory outstanding – Days of payable…

Q: The following information is available for Reigen Company relating to 2019 operations:   Accounts…

A: Accounts receivable is the amount owed by the customers to the company. It is a result of the credit…

Q: The balance in Accounts Receivable at the beginning of the period amounted to $2,880. During the…

A: Account receivable Account :- Accounts receivable is an current asset account on the balance sheet…

Q: Exercise 13-10 Part 1 (1-a) Profit margin ratio. (1-b) Did profit margin improve or worsen in the…

A: Solution...     (1-a). Profit margin ratio

Q: Simon Company’s year-end balance sheets follow.   At December 31 Current Yr 1 Yr Ago 2 Yrs Ago…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Use the following information to answer questions 1-3: January Cash Sales $40,000 Credit Sales…

A: To determine the balance on March 31, we need to calculate the total collections from January to…

Q: Q12. The following information is from Tejas WindowTint's financial records. Month Sales Purchases $…

A: Cash balance on closing date is the sum of opening balance and cash collections less cash disbursal…

Q: What is the number of days’ sales in receivables?  Round to one decimal place. Group of answer…

A: Number of days' in receivables Days Sales Outstanding (DSO) represents the average number of days it…

Q: Sparks Corporation has a cash balance of $18,900 on April 1. The company must maintain a minimum…

A: Cash balance = $18,900  Minimum cash balance = $15,500 Cash receipts = $67,000 Cash disbursement =…

Q: The following data exists for Sandhill Company.     2020   2019   Accounts Receivable   $60,000…

A: Solution: Average accounts receivables for 2020 = ($60,000 + $84,000) / 2 = $72,000 Accounts…

Q: [The following information applies to the questions displayed below.) Simon Company's year-end…

A:

Q: Balance Sheets: Accounts receivable, net Income statements: Sales revenue Receivables turnover ratio…

A: Receivables turnover refers to a financial statistic that indicates how well a firm collects…

Q: ABC Industries has accounts receivable of $700, inventory of $1,200, sales of $4,200, and cost of…

A: Ratio is a tool which is used to measure the growth and performance of the firm by establishing the…

Q: The following selected account balances appeared on the financial statements of Washington Company:…

A: Cash payments for merchandise are found as beginning accounts payable plus purchases minus ending…

Q: credit. Assets Cash Accounts receivable Inventory Plant and equipment Total assets REVOLUTION…

A: A ratio is a mathematical relationship between two variables. The investor can evaluate the…

Q: The following financial information is for Chesapeake Corporation are for the fiscal years ending…

A: Inventory days 2018 = 365 x ( Average inventory / COGS 2018 )Inventory days 2018 = 365 x ( ((40,000…

Q: Taft Technologies has the following relationships: Annual sales 1,200,000.00 Current liabilities…

A: A balance sheet is a statement which provides financial data related to the assets, liabilities and…

Q: The following information relates to a company's accounts receivable: gross accounts receivable…

A: Bad debt expense :— It is the amount of sales that are no longer collectible from customers during…

Q: Below is the T-account for Accounts Receivable: Accounts Receivable Debit Beginning 189, 400 Balance…

A: Accounts receivable=Total debits-Total…

Q: ABC Incorporated, has a beginning receivables balance on January 1st of $620. Sales for January…

A: Accounts receivable period is the number of days that an entity takes to make collection from its…

Q: Simon Company’s year-end balance sheets follow.   At December 31 Current Yr 1 Yr Ago 2 Yrs Ago…

A: Current ratio =Current assets / Current liability

Q: Trading

A: Operating Cycle  =Inventory holding period + Receivables Collection Period [Average Inventory/Cost…

Q: What is the cash conversion cycle for XYZ Company, based on the following information? Inventory:…

A: Cash conversion cycle refers to the time period a company takes in converting its inventory to cash.…

Q: Selected information from the statement of financial position of MR Company at November 30 and…

A: The expenses incurred during the period can be different from the expenses incurred during the…

Q: Compute the estimated total cash disbursements during July

A: Cash disbursements in accrual concept is recorded when the cash payment is made but the expense is…

Q: 3. Calculate the average billing daily balance for each of the monthly statements for the following…

A: The question is based on the concept of monthly financial charges for billing cycle. Average daily…

Q: For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2.…

A: Return on equity (ROE) refers to a ratio which shows the relationship between net income and…

Q: The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,880,000, with…

A: The question is related to Ratio Analysis. 1 Current Ratio is a measure of short-term solvency. Its…

Q: current assets

A: As per IAS -01 Current Assets are those  a) That are held for trading purpose b) Realised within the…

Q: The average payment period of an organization is calculated by __________. a. Average payables /…

A: Average payment period is the time taken by the company to pay their credits.

Q: Problem 1 East Company reported the following current assets at year end: Cash 3,200,000.00…

A: Current assets are those form of assets which are either in cash or can be converted into cash into…

Q: The management of Zigby Manufacturing prepared the following balance sheet for March 31. ZIGBY…

A: Budget is an estimation of future profit and loss in advance.Management prepares master budget for…

Q: The following information pertains to Q Company: Trade accounts receivable, net of P10,000 credit…

A: Current receivables are those amounts which is payable within 12 months. These are amounts which…

Q: Current Position Analysis The following items are reported on a company's balance sheet: Cash…

A: CURRENT RATIO Current Ratio is the Ratio Between Current Assets & Current Liabilities. Current…

Q: You are provided the following working capital information for the Ridge Company: Account Inventory…

A: Part 1:Key Points to Consider:Cash Conversion Cycle (CCC): measures how long it takes a company to…

Q: The balance sheet of Koehn, Incorporated, has the following balances: Cash Accounts receivable…

A: The working capital is calculated as the difference between the current assets and current…

Q: Cash and accounts receivable for Adams Company are as follows:   Current Year   Prior Year Cash…

A: Horizontal analysis is a comparative analysis used to compare financial statements of two or more…

Q: At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant…

A: The question is related to Ratio Analysis Day's Sales uncollected is calculated with the help of…

Q: If an average age of accounts payable is 15 days, the average age of accounts receivables is 60…

A: Cash Conversion Cycle = Days Inventory outstanding + Days receivables outstanding - Days payables…

Q: The controller of Bramble Company estimates sales and production for the first four months of 2022…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…