Provide solution for this question A firm's days of sales outstanding are23.4, days of inventory on hand are 45.9,and the number of days of payables is34.7. When credit sales are made by thefirm, the buyer agrees to pay the balancesowed in 30 days.What is the firm's cash conversion cycle?A. 69.3 daysB. 34.6 daysC. 41.2 days

The cash conversion cycle (CCC) is calculated using the following formula: CCC = Days of Sales…

Answered: A firm's days of sales outstanding are…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2MC

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Whaley & Whaley has the following data. What is the firm's cash conversion cycle? Inventory conversion period = Average collection period = Payables deferral period = O a. 37 days O b. 31 days O c. 41 days Od: 45 days O e. 34 days 41 days 31 days 38 days
What is Horizon Industries cash conversion cycle on these accounting question?
Please Tutor provide answer for this accounting prblm
еВook Zane Corporation has an inventory conversion period of 90 days, an average collection period of 34 days, and a payables deferral period of 48 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. days b. If Zane's annual sales are $3,454,540 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.
Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days a. 46 days b. 31 days c. 42 days d. 38 days e. 34 days
22) A firm has the following data: Inventory conversion period = 75 days Average collection period = 32 days Payables deferral period = 45 days What is the firm's cash conversion cycle? 1. 5 days. 2. 40 days. 3. 62 days. 4. 88 days. 5. 15 days.
What is its cash conversion cycle?
Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period = 59 days Receivables Collection Period = 19 days Payables Deferral Period = 41 days Please explain process and show calculations.
What is the cash conversion cycle in days of this financial accounting question?
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MC.15.088 « Question 9 Cass & Company has the following data. What is the firm's cash conversion eycle? Inventory Conversion Period = Receivables Collection Period = 47 days 17 days Payables Deferral Period = 25 days O a. 30 days O b. 38 days O c. 39 days O d. 46 days O e. 45 days

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