Please do not give solution in image format thanku Exercise 22-20 (Algo) Cash conversion cycle LO A4A manufacturer reports the data below.Accounts payableAccounts receivableInventoryNet salesCost of goods soldCurrent Year$ 7,46325,9459,764Required 1 Required 2178,00089,000(1) Compute the number of days in the cash conversion cycle for each year.(2) Did the company manage cash more effectively in the current year?Cash conversion cyclePrior Year$ 11,40817,6849,135Complete this question by entering your answers in the tabs below.129,000119,000Compute the number of days in the cash conversion cycle for each year.Note: Use 365 days in a year. Round calculations to the nearest whole day.)Current yeardaysPrior yeardays

For calculating the conversion cycle firstly we need to calculate days in inventory, days sales…

Answered: A manufacturer reports the data below.…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 14E

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Question Content Area Cash and accounts receivable for Adams Company are as follows: Line Item Description Current Year Prior Year Cash $41,180 $35,500 Accounts receivable (net) 29,394 41,400 What is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Effect Cash Accounts Receivable
Question Content Area Cash and accounts receivable for Adams Company are as follows: Line Item Description Current Year Prior Year Cash $51,246 $43,800 Accounts receivable (net) 17,596 33,200 What is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Effect Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
QUESTION 12 Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 286,489 COGS 156,506 Accounts Receivable 30,032 Inventory 6,271 Accounts Payable 51,269
Cash Conversion Cycle Exercise (By Pair) Company XYZ Financial Data (for a specific period). • Net Sales (Credit Sales): $200,000 0 0 0 0 ● ● Cost of Goods Sold (COGS): $120,000 Accounts Receivable (AR) at the beginning of the period: $30,000 Accounts Receivable (AR) at the end of the period: $40,000 Inventory at the beginning of the period: $50,000 Inventory at the end of the period: $60,000 Accounts Payable (AP) at the beginning of the period: $20,000 Accounts Payable (AP) at the end of the period: $25,000 Compute for the Cash Conversion Cycle
Practice Set 1) Use the information above to compute the number of days in the cash conversion cycle for each year. 2) Did the company manage cash more effectively in the current year? Current Year Prior Year Average Accounts Payable, $7,723 $ 11,668 Average Accounts Receivable, 26,605 17,862 Average Inventory 10,024 9,415 Net Sales 175,000 125,000 Net Purchases 92,000 108,000 Cost of goods sold 87,000 118,000
Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 289,729 COGS 196,476 Accounts Receivable 35,419 Inventory 4,248 Accounts Payable 56,227
(1) Use the information below to compute the days in the cash conversion cycle for each company. (2) Which company is more effective at managing cash based on this measure? Days' sales in accounts receivable Days' sales in inventory Days' payable outstanding Required 1 Required 2 Sparta Company 36 22 29 Complete this question by entering your answers in the tabs below. Cash conversion cycle Athens Company 49 26 34 Use the information below to compute the number of days in the cash conversion cycle for each company. Sparta Athens Company Company
Question Content Area Cash and accounts receivable for Adams Company are provided below: Current Year PriorYear Cash $76,835 $63,500 Accounts receivable (net) 48,794 78,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
(1) Use the information below to compute the number of days in the cash conversion cycle for each company. (2) Which company is more effective at managing cash? Spartan Co. Chen Co. Days' sales in accounts receivable Days' sales inventory Days' sales in accounts payable 34 47 21 25 33 28 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information below to compute the number of days in the cash conversion cycle for each company. Spartan Co. Chen Co. Cash to cash conversion cycle
(1) Use the information below to compute the days in the cash conversion cycle for each company. (2) Which company is more effective at managing cash based on this measure? Sparta Company Athens Company Days' sales in accounts receivable 52 65 Days' sales in inventory 30 34 Days' payable outstanding 37 42 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information below to compute the number of days in the cash conversion cycle for each company. Cash conversion cycle Sparta Company Athens Company > Required 1 Requiredn
QUESTION 13 Bahrain Car Parks Company B.S.C. (Bahrain Bourse, #CPARK) has the information shown below (all numbers are in thousands): Sales $122,800 Cost of Goods Sold 104,380 Accounts Receivable 10,900 Inventory Total current assets 1,420 38,820 Accounts Payable Total current liabilities 22,640 23,640 What is CPARK 's cash conversion cycle?
akeAssignment/takeAssignmentMain.do?Invoker=&takeAssignmentSessiohLocator=&inprogress=false 3 The cash collections expected in September from accounts receivable are estimated to be Oa. $134,960 Ob. $289,200 Oc. $168,700 Od. $241,000 Ti Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are $241,000, $309,000, and $401,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. Previous Upe Next

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A manufacturer reports the data below. Accounts payable Accounts receivable Inventory Net sales Cost of goods sold Current Year $ 7,463 25,945 9,764 178,000 89,000 Prior Year $ 11,408 17,684 9,135 129,000 119,000