Hello tutor please provide answer accounting ACME Distribution Inc., has an annual netincome of $9.1 billion, the revenue of $76.2billion, and a cost of goods sold of $35 billion.If the balance sheet amount shows $4.6 billionof inventory how many weeks of supply doesACME Distribution Inc. hold?

Step 1: Define Inventory ManagementThe management of inventories enables businesses to choose which…

Answered: ACME Distribution Inc., has an annual…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 14P

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Acme distribution inc. has an annual solution this question
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Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35 days, and payables deferral period of 25 days. Assume that the costs of goods sold are 80% of its sales. a) What is the length of the firm's cash conversion cycle? b) If Negus's annual sales are $4,380,000 and all sales are on credit, what is the firm's investment in accounts receivable? c) How many times per year does Negus Enterprises turn over its inventory?

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ACME Distribution Inc., has an annual net income of $9.1 billion, the revenue of $76.2 billion, and a cost of goods sold of $35 billion. If the balance sheet amount shows $4.6 billion of inventory how many weeks of supply does ACME Distribution Inc. hold?