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 the firm's cash conversion cycle?
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What is the length of the firm's cash conversion cycle on these accounting question?
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- 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?Provide correct solutionRomano 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.
- If the average age of the inventory is 90 days, the average age of accounts payable is 65 days, and the average age of accounts receivable is 60 days, how many days would be the net cash cycle?Inmoo Company's average age of accounts receivable is 89 days, the average age of accounts payable is 40 days, and the average age of inventory is 48 days. Assuming a 365-day year, what is the length of its cash conversion cycle? Please explain process and show calculations.None
- note: can you help me answer the question for a, and b? For Nibong Prawn Paste Enterprise (NPPE), the average age of accounts receivable (AAR) is 60 days, the average age of accounts payable (AAP) is 45 days, and the average age of inventory (AAI) is 72 days. Assume a 365-day year. a. The length of the company’s cash conversion cycle (CCC) is? (days) b. Based on the CCC calculated in (a) above, if the forecasted sales turnover is $5 million the working capital requirement (WCR) of NPPE is? c. If NPPE is able to reduce its AAI to 65 days; maintain its AAR at 60 days, stretch its AAP to 60 days and maintain the same forecasted sales turnover of $5 million, the new CCC is _____ (days) and the new WCR is ______ (dollars) d. Which of the following are TRUE about the impacts of the change in the CCC of NPPE? A) The WCR would be reduced to $310,000 B) NPPE’s trade creditors can be said to be financing part of its WCR by allowing the company an extension of credit C) NPPE can also…ML 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 34 days 46 days 31 days 38 days O 42 daysCompany’s average age of accounts receivable is 40 days, while the average age of accounts payable is 45 Its inventory turnover is 5.3 times. Assuming a 365-day year, what is the length of its cash conversion cycle?
- 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. 31 days b. 34 days C. 38 days d. 42 days e. 46 daysCass & Company has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period = 40 days Receivables Collection Period = 17 days Payables Deferral Period = 25 days Question options: 35 days 31 days 25 days 32 days 33 daysWatts Industries' carries 87 days in Inventory, and collects its Accounts Receivable in 75 days. If the firm pays its Accounts Payable in 26 days, what is Watts' Cash Conversion Cycle?