Answered: Jordan Enterprises has inventory days…

Jordan Enterprises has inventory days of 52, accounts receivable days of 25, and accounts payable days of 34. What is its cash conversion cycle? A.) 43 days B.) 58 days C.) 65 days D.) 72 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

See similar textbooks

Related questions

Q: Provide answer

A: Let us determine Activity Costs:Materials: 1,700 moves * $2.50/move = $4,250Assembling: 350 hours *…

Q: How many gallons will RTX budget to purchase in February

A: 1 unit requires 4 gallons of direct material. Calculation of Gallons required in JanuaryGallon…

Q: Hi expert please give me answer general accounting question

A: Step 1: Definition of Labor Rate and Labor Efficiency VarianceLabor Rate Variance (LRV): This…

Q: Average P/E ratio?

A: For the calculation of the share price of GreenAgri Ltd., we have to use Price-to-Earnings (P/E)…

Q: Accounting question

A: Step 1: Understand the Extended Accounting Equation The extended accounting equation given is:…

Q: ??

A: Concept of Net Sales RevenueNet sales revenue represents the actual revenue a company earns after…

Q: Please give me true answer this financial accounting question

A: Step 1: Definition of Stock DividendA Stock Dividend is a distribution of additional shares to…

Q: Calculate Jordans predetermined overhead rate

A: a) Calculation of Jordan's Predetermined Overhead RateThe predetermined overhead rate (POR) is used…

Q: I need answer

A: Step by step solution:Current Sales = $50 millionCurrent Variable Operating Costs = $33.75…

Q: What was the net absorption costing?

A: Explanation of Variable Costing: Variable costing is an accounting method that includes only…

Q: Do fast answer of this accounting questions

A: Step 1: Definition of Predetermined Overhead Rate and Over/Under-Applied OverheadA Predetermined…

Q: Provide solution this financial accounting question

A: Explanation: We are provided with the following data:Retention ratio = 40% or 0.40Sustainable growth…

Q: What is the balance in the investment account as of December 31 year 1? Please give me correct…

A: Step 1: Definition of Equity MethodThe Equity Method is an accounting technique used to record…

Q: Hi expert please give me answer general accounting

A: Step 1: Introduction to factory overheadFactory overheads are defined as indirect costs that are not…

Q: Accurate Answer

A: Explanation of Target Sales in Units:The target sales in units refer to the number of units a…

Q: do fast of this General accounting question

A: Step 1: Definition of Money Creation by BanksMoney creation by banks occurs through the process of…

Q: Don't use ai given answer accounting questions

A: Step 1: Definition of Work in Process (WIP) InventoryWork in Process (WIP) inventory refers to the…

Q: what is the total net gain or loss on this transaction?

A: Given Data:Contract Size: $1,000,000Buy Price (Long Position Entry): 96.22Sell Price (Exit…

Q: what is the maturity value of the not on mar.1?

A: Given:Face value = $9,000Interest rate = 10% annuallyTime period = 120 daysFormula for…

Q: I don't need ai answer general accounting question

A: Step 1: Definition of Total Manufacturing CostsTotal Manufacturing Costs refer to the sum of all…

Q: Need help

A: The payment terms 3/10, n/30 mean that the customer receives a 3% discount if they pay within 10…

Q: Help

A: The predetermined overhead rate (POHR) allocates overhead costs to products or jobs based on a…

Q: Please solve this questions general accounting

A: Step 1: Definition of Return On EquityReturn on equity (ROE) is a two-part ratio that includes the…

Q: Question 2Anti-Pandemic Pharma Co. Ltd. reports the following information inits income…

Q: Subject: general accounting question

A: Step 1: Define Overhead Application Based on Direct Labor CostOverhead application refers to the…

Q: can you please solve this account questions answer

A: Step 1: Definition of Break-Even Point (BEP)The break-even point (BEP) represents the number of…

Q: Accounts receivable:42, net sales:280

A: Explanation of Accounts Receivable: Accounts receivable represents the total amount of money owed to…

Q: I'm waiting for answer

A: Concept of Job-Order CostingJob-order costing is a cost accounting method used when products or…

Q: Aldrin Manufacturing uses a standard cost system with the following labor standards for one unit of…

A: Concept of Standard CostingStandard costing is a cost control method where predetermined costs are…

Q: financial accounting

A: Step 1: Introduction to cost allocationCost allocation is the process of assigning a portion of a…

Q: Calculate the current price per share for this financial accounting question

A: Step 1: Definition of Stock Price (No-Growth Firm)In a no-growth firm, all earnings are paid out as…

Q: i want to this question answer of this General accounting question

A: Step 1: Definition of Common Fixed ExpensesCommon Fixed Expenses are costs that are shared among…

Q: Provide correct answer general accounting question

A: Step 1: Define Variable Maintenance CostVariable maintenance costs are expenses that change in…

Q: Please solve accounting for items highlighted in yellow with red check marks.

A: Formula"-" implies subtraction or less.

Q: Need answer

A: Explanation of Gross Profit:Gross profit is the financial gain a company makes after deducting the…

Q: hello,can u give correct answer

A: Concept of Production BudgetA production budget is a financial plan that estimates the number of…

Q: given answer is accounting

A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's…

Q: Determine the following requirements for these financial accounting question

A: Step 1: Definition of Manufacturing MarginManufacturing Margin refers to the difference between a…

Q: Answer

A: Concept of Sales RevenueSales revenue refers to the total income a company earns from selling its…

Q: Davidson Corporation owns a non-depreciable capital asset held for investment. The asset was…

A: Explanation of Long-Term Capital Gain (LTCG):A Long-Term Capital Gain (LTCG) occurs when a capital…

Q: A firm is planning for its financing needs and uses the basic fixed-order-quantity inventory model…

A: To find the total cost (TC) of the inventory, we can use the following formula:TC = Purchasing Cost…

Q: Get correct answer general accounting question

A: Step 1: Calculate Net SalesNet Sales=Sales−Sales Returns and Allowances−Sales…

Q: answer?? General accounting question

A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) is the…

Q: What is the variable overhead efficiency variance?

A: Explanation of Variable Overhead Efficiency Variance:Variable overhead efficiency variance measures…

Q: What is the amount of the net fixed assets?

A: Step 1: Definition of Fixed AssetsFixed assets refer to tangible assets or equipment that a business…

Q: Parker Industries applies manufacturing overhead costs to products at a budgeted indirect-cost rate…

A: Explanation of Bid Price Calculation:Bid price calculation refers to the process of determining the…

Q: Question: A company's cash account has a balance of $851 as of July 31. The bank statement for this…

A: Bank Reconciliation Solution: Step 1: Key DefinitionsBank Reconciliation: Bank reconciliation is the…

Q: i don't need ai with answer accounting

A: To determine the Price-Earnings (P/E) Ratio, we use the formula:P/E = (1 - b) / (r - g)where:b =…

Q: Need General Accounting Question solution

A: Step 1: Understanding the P/E Ratio FormulaThe Price-Earnings Ratio (P/E Ratio) is calculated using…

Q: ?!

A: To calculate the Return on Equity (ROE), we use the DuPont Identity formula:ROE = Profit Margin ×…

Question

MCQ

Jordan Enterprises has inventory days of
52, accounts receivable days of 25, and
accounts payable days of 34. What is its
cash conversion cycle?
A.) 43 days
B.) 58 days
C.) 65 days
D.) 72 days

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
Suppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = days
For its most recent year a company had Sales (all on credit) of OMR 830000 and Cost of Goods Sold of OMR 525000. At the beginning of the year its Accounts Receivable were OMR 80000 and its Inventory was OMR 100000. At the end of the year its Accounts Receivable were OMR 86000 and its Inventory was OMR 110000. Calculate Receivable days. Select one: a. 37 Days b. 58 Days c. 46 Days d. 73 Days
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…
Do not round intermediate calculation ??
Directions: Below is the summarized financial information of Redz Company. Compute the following. Write your answers on a separate sheet of paper. 1. Average Inventory Average Receivable Average Payable Inventory Turnover Ratio Days of Inventories Receivables Turnover Ratio Days of Receivable Payables Turnover Ratio 2. 3. 4. 3. 6. 785 7. 8. 9. Days of Payable 10. Operating Cycle Beginnine. Php 2.000,000.00 Php 1,150.000.00 Php 300.000,00 Php 10,000,0000,00 Php 6,5 00.000.00 Ending Php 3.100,000.00 Php 2.000,000.00 Php 18 00.000.00 Accounts Inventory Accournts Receivable Accouits Paynble Net Sales Cost of CGoods9 Sold
Can you please give answer the general accounting question?
Calculate the accounts receivable period?
Please help me with show all calculation thanku
Consider the following financial statement information for the Hop Corporation: Item Inventory Accounts Receivable Accounts Payable Net Sale COGS O 13.44 days O 20.83 days What is the payable period for Hop Corporation? O 27.16 days Beginning $16,200 14,000 11,000 O 17.52 days $219,000 168,000 Ending $19,100 16,000 14,000
General accounting
A company reports the following:Cost of goods sold $435,000Average inventory 72,500Determine (a) the inventory turnover and (b) the number of days’ sales in inventory. Round to one decimal place.