Solve this problem If the average age of inventory is 90 days, the average ageof accounts payable is 60 days, and the average age ofaccounts receivable is 65 days, the number of days in thecash flow cycle is:A. 215 daysB. 150 daysC. 95 daysD. 85 days

Step 1: Define Cash CycleIn the context of finance and accounting, there are two kinds of cycles…

Answered: If the average age of inventory is 90…

Principles of Accounting Volume 2

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ISBN:9781947172609

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Chapter7: Budgeting

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Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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If the average age of the inventory is 90 days, the average age of accountspayable is 60 days, and the average age of accounts receivables is 65 days, the number of days in the cash flow cycle isa. 95 daysb. 125 daysc. 215 daysd. 85 days
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 36! days a year. a. Inventory turnover b. Number of days' sales in inventory days
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please answer parts 10, 11, and 12
Based on the following data for the current year, what is the number of days' sales in receivables? Assume 365-Day year. Sales on account during year $425,334 Cost of goods sold during year 211,989 Accounts receivable, beginning of year 43,627 Accounts receivable, end of year 51,814 Inventory, beginning of year 83,323 Inventory, end of year 108,050 Round your answer up to the nearest whole day. a. 182 b. 93 Ос. 82 d. 41
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 500,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $30. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 1,090 9,200 12,500 740 $ 1,320 7,500 11,800 540 Total current assets 23,530 21,160 Property and equipment: Land 9,200 44,083 9,200 39,201 Buildings and equipment, net Total property and equipment 53,283 48,401 Total assets $76,813 $69,561 Liabilities and Stockholders' Equity Current…
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Accounts receivable turnover is 4. What is the average collection period assuming annual data are used? What is the average collection period assuming quarterly data are used?
1. The following information has been calculated for ABC Co: 52 days 42 days Trade receivables collection period Raw material inventory turnover period Work in progress inventory turnover period 30 days Trade payables payment period Finished goods inventory turnover period 45 days 66 days What is the length of the net operating cycle?
Based on the following data for the current year, what is the number of days' sales in receivable? Net sales on account during year $495,046 Cost of goods sold during year 202,912 Accounts receivable, beginning of year 45,637 Accounts receivable, end of year 52,238 Inventory, beginning of year 94,359 Inventory, end of year 104,951 Round your answer up to the nearest whole day.
Given the following information, calculate the operating cycle. Use average inventory and receivables in your calculations. Credit sales = = $1,000,000 Cost of goods sold = $750,000 Beginning balances: Inventory = $300,000 Accounts Receivable = $280,000 Ending balances: Inventory = $280,000 Accounts Receivable = $250,000 Multiple Choice 141 days 116 days 261 days 97 days 238 days

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If the average age of inventory is 90 days, the average age of accounts payable is 60 days, and the average age of accounts receivable is 65 days, the number of days in the cash flow cycle is: A. 215 days B. 150 days C. 95 days D. 85 days