Assets ($) Liabilities and Equity ($) Cash 2,007,000 Accounts payable 1,260,000 Accounts receivable 4,317,000 Notes payable 1,000,000 Inventory 1,144,000 Accruals 1,220,000 Total current assets 7,468,000 Total current liabilities 3,480,000 Net plant, property, and equipment 8,500,000 Long-term debt 3,000,000 Total assets 15,968,000 Total liabilities 6,480,000 Common equity 9,488,000 Total liabilities and equity 15,968,000 Matt Motor Corporation had sales of $ 32.4 million and a cost of goods sold of $ 13.0 million in 2022. A simplified balance sheet for the firm appears here. a. Calculate Matt Motor Corporation's net working capital in 2022. answer is 3988,000 b. Calculate the cash conversion cycle of Matt Motor Corporation in 2022.
Assets ($) Liabilities and Equity ($) Cash 2,007,000 Accounts payable 1,260,000 Accounts receivable 4,317,000 Notes payable 1,000,000 Inventory 1,144,000 Accruals 1,220,000 Total current assets 7,468,000 Total current liabilities 3,480,000 Net plant, property, and equipment 8,500,000 Long-term debt 3,000,000 Total assets 15,968,000 Total liabilities 6,480,000 Common equity 9,488,000 Total liabilities and equity 15,968,000 Matt Motor Corporation had sales of $ 32.4 million and a cost of goods sold of $ 13.0 million in 2022. A simplified balance sheet for the firm appears here. a. Calculate Matt Motor Corporation's net working capital in 2022. answer is 3988,000 b. Calculate the cash conversion cycle of Matt Motor Corporation in 2022.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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| Assets | ($) | Liabilities and Equity | ($) |
| Cash | 2,007,000 | Accounts payable | 1,260,000 |
| Accounts receivable | 4,317,000 | Notes payable | 1,000,000 |
| Inventory | 1,144,000 | Accruals | 1,220,000 |
| Total current assets | 7,468,000 | Total current liabilities | 3,480,000 |
| Net plant, property, and equipment | 8,500,000 | Long-term debt | 3,000,000 |
| Total assets | 15,968,000 | Total liabilities | 6,480,000 |
| Common equity | 9,488,000 | ||
| Total liabilities and equity | 15,968,000 | ||
Matt Motor Corporation had sales of $ 32.4 million and a cost of goods sold of $ 13.0 million in 2022.
A simplified
a. Calculate Matt Motor Corporation's net working capital in 2022. answer is 3988,000
b. Calculate the cash conversion cycle of Matt Motor Corporation in 2022.
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