need A company reports the Information below.Days' sales in accounts receivableDays' sales in inventoryDays' payable outstanding402431Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute the number of days in the company's cash conversion cycle.Cash conversion cycledaysRequired 2 > A company reports the Information below.Days' sales in accounts receivableDays' sales in InventoryDays' payable outstanding402431Complete this question by entering your answers in the tabs below.Required 1 Required 2Competitors report a cash conversion cycle of 36 days. Is the company more effective in managing cash based on theconversion cycle in comparison to its competitors?Is the company more effective than its competitors in managing cash?

CCC = Days' Sales in Account Receivable (DSO) + Days' Sales in Inventory (DSI) − Days' Payable…

Answered: A company reports the Information…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.1MBA

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Teams MSFT Corporation has the following information: Inventory conversion period 79.02 days Receivables collection period 35.8 days Payables deferral period 9.6 days Can you determine the length of time (days) for them to cycle cash in the company? (represent your numeric result in two decimal places)
explain the image provided the Accounts receivable turn over, days to collect, Inventory turnover,Days to sell, accounts payable turnover,days to pay and give recommendation
Consider the following financial statement information: Item Beginning Year Ending Inventory € 9.780 € 11.380 € 4.108 € 4.938 € 7.636 € 7.927 Accounts Receivable Accounts Payable Credit Sales Cost of Goods Sold € 89.804 € 56.384 Calculate the operating and cash cycles. How do you interpret your answer?
A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales $ 9,649 18,474 5,455 233,607 Cost of goods sold 138,200 (1) Compute the number of days in the cash conversion cycle. (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of days in the cash conversion cycle. Note: Use 365 days in a year. Round calculations to the nearest whole day. Cash conversion cycle days
Calculating Cycles Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $16,284 $19,108 Accounts receivable 11,219 13,973 Accounts payable 13,960 16,676 Net Sales $219,320 Cost of Goods sold 168,420 Calculate the operating and cash cycles. How can you interprete your answer?
Calculating Cycles Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $16,284 $19,108 Accounts Receivable 11,219 13,973 Accounts Payable 13,960 16,676 Net Sales $219,320 Cost of Goods Sold 168,420 Calculate the operating and cash cycles. How do you interpret your answer?
Question Accounting-Cash conversion. cycle: Pem Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle?
Practice Help
Compute for Receivable Collection Period, Inventory Conversion Period, Payables Deferral period and Cash Conversion Cycle of Company ABS for the following data Ave. Receivables P1,850,450 659,800 Net Credit Sales, Cost of Sales 3,180.430 1,740.200 Ave. Inventory Ave. Payables 520,300 Compare Company ABS's Cash Conversion Cycle to Company CBN which has 194 days of cC. Which company has better conversion cycle and why?
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