Falcon Ski Corp has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle (in days)? Annual sales $ 45,000 Annual cost of goods sold $31,500 Inventory $4,000 Accounts receivable $2,000 Accounts payable $2,400
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What is the firm's cash conversion cycle? General accounting
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- Shulman Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = $45,000 Annual cost of goods sold = $30,000 Inventory = $4,500 Accounts receivable = $1,800 Accounts payable = $2,500 a. 28 days b. 43 days c. 39 days d. 35 days e. 32 daysShulman Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? (Show your work) Annual sales = $45,000 Annual cost of goods sold = $30,000 Inventory = $4,500 Accounts receivable = $1,800 Accounts payable = $2,5007. Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Round to the nearest whole day. Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = $45,000 $23,500 $4,500 $1,800 $2,500 Accounts payable =
- Please provide correct answer accounting....Provided the following information: Sales =$1,440,000, Cost of Goods Sold= $1,100,000, Inventory=$200,000, Receivables=$160,000, Payables=S100,000 and there are 365 days in a year. What is the cash conversion cycle for the firm? a. 113.55 Days b. 77.05 Days c. 150.05 Days d. 73 Days e. None of the aboveDewey Corporation has the following data, in thousands. Assuming a 365-day year, what it the firm’s cash conversion cycle? You do not have previous year's numbers so you cannot calculate average numbers. Just use data from this year Annual sales $45,000 Annual cost of goods sold $31,500 Inventory $4,000 Accounts receivable $2,000 Accounts payable $2,400
- Direct Furnishings Inc. has the following data:Annual sales $10,000,000Cost of goods sold 6,000,000Inventory 2,547,945Accounts receivable 1,643,836Accounts payable 1,200,000What is the firm’s cash conversion cycle?I need questions answers accountingBiondi Manufacturing Company has an average accounts receivable balance of $1,250,000, an average inventory balance of $1,750,000, and an average accounts payable balance of $800,000. Its annual sales are $12,000,000 and its cost of goods sold represents 80 percent of annual sales. Assume there are 365 days in a year. What is BMC’s cash conversion cycle? A. 53.23 days B. 60.83 days C. 84.15 days D. 72.28 days E. 100.55 days
- For the Bayer Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of of the firm's cash conversion cycle?FMT Trading Inc. has the following financial data: Annual sales 10,000,000Cost of goods sold 6,000,000Inventory 2,547,945Accounts receivable 1,643,836Accounts payable 1,200,000 a. What is the firm’s cash conversion cycle?b. Provide interpretations of the cash conversion cycle period of the firm.Your boss asks you to compute your company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was $24,800, accounts receivable averaged $18,700, and accounts payable averaged $16,100. You also see that the company had sales of $138,000 and that cost of goods sold was $110,400. Calculate firm's cash conversion cycle. (Use 365 days for calculation. Round intermediate calculations and final answer to 1 decimal place, e.g. 15.1.)