Loblaw's company executive assistant is given a task to determine the cash conversion cycle of the company. The following 2016 Income statement and balance sheet Information is as follows. Assume there are 365 days in a year. Sales $32,341 Cost of merchandise Inventory sold $15,594 Inventories $2084 Accounts receivables $782 Accounts payable $3689 Calculate the Cash conversion cycle of the company. The Cash conversion cycle is -28.74. The Cash conversion cycle is -128.74. The Cash conversion cycle is 125.10. The Cash conversion cycle is 143.95.

Loblaw's company executive assistant is given a task to determine the cash conversion cycle of the company. The following 2016 Income statement and balance sheet Information is as follows. Assume there are 365 days in a year. Sales $32,341 Cost of merchandise Inventory sold $15,594 Inventories $2084 Accounts receivables $782 Accounts payable $3689 Calculate the Cash conversion cycle of the company. The Cash conversion cycle is -28.74. The Cash conversion cycle is -128.74. The Cash conversion cycle is 125.10. The Cash conversion cycle is 143.95.

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

See similar textbooks

Similar questions

During 2024, its first year of operations, Hollis Industries recorded sales of $11,900,000 and experienced returns of $760,000. Cost of goods sold totaled $7,140,000 (60% of sales). The company estimates that 8% of all sales will be returned. Prepare the year-end adjusting journal entries to account for anticipated sales returns under the assumption that all sales are made for cash (no accounts receivable are outstanding). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 Record estimated return of inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Inventory-estimated returns Cost of goods sold Record entry Clear entry View general journal
Problem Solving. Raymar Alison Trading has the following transactions during the fiscal year 2021. Cash sales 100,0000. Credit Sales 200,000. Total Sales 300,000. Cost of Goods Sold 150,000. Gross Margin 150,000. Beg. Accounts Receivable 25,000. End. Accounts Receivable 15,000. Beg. Inventory 35,000. End. Inventory 25,000. Total Expenses 50,000. 28. What is Inventory Turnover? * 5 10 15 20
Cost of merchandise sold reported on the income statement was $263000. The accounts payable balance increased $7550, and the inventory balance increased by $12380 over the year. Determine the amount of cash paid for merchandise.
The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. Accounts receivable, end of year Sales on account 20Y3 $ 725,000 5,637,500 2012 $ 650,000 4,687,500 20Y1 $600,000 Horizontally analyze the financial data in Exercise 17-9. (b) Calculate how many days it took Sigmon Inc. to collect its recieivables (i.e. Sigmon's average collection period) in 20Y3. Show your work.
The Nicholas Company had net sales on account of $6,570,000 during 1998. The beginning and ending accounts receivable were $475,000 and 535,000 respectively. Compute the accounts receivable turnover ratio.
Uramilaben
Prepare a multiple-step income statement. Its inventory at the END OF THE YEAR was P440,000
Calculate the cash cycle (in days) based on the following information (keep two decimal places). Variable Inventory Accounts receivable Accounts payable Beginning of the year End of the year $2500 $4000 $3900 $3000 $1500 $1000 Net sales over the year is $14000 and costs of goods sold is $8000. Your Answer: Answer
The following are selected ledger accounts of Spock Corporation at December 31, 2020. Cash $ 185,000 Salaries and wages expense (sales) $284,000 Inventory 535,000 Salaries and wages expense (office) 346,000 Sales revenue 4,275,000 Purchase returns 15,000 Unearned sales revenue 117,000 Sales returns and allowances 79,000 Purchases 2,786,000 Freight-in 72,000 Sales discounts 34,000 Accounts receivable 142,500 Purchase discounts 27,000 Sales commissions 83,000 Selling expenses 69,000 Telephone and Internet expense (sales) 17,000 Accounting and legal services 33,000 Utilities expense (office) 32,000 Insurance expense (office) 24,000 Miscellaneous office expenses 8,000 Advertising expense 54,000 Rent revenue 240,000 Delivery expense 93,000 Casualty loss (before tax) 70,000 Depreciation expense (office equipment) 48,000 Interest expense 176,000 Depreciation expense (sales equipment)…
The cost of merchandise sold by Kohl's Corporation for a recent year was $12,265 million. The balance sheet showed the following current account balances (in millions): Merchandise inventories Accounts payable Balance, End of Year Balance, Beginning of Year $ 4,038 1,251 $ 3,814 1,511 Determine the amount of cash payments for merchandise.
The following information is from Teas Window’s financial records. The company buys its raw material on account and pays:• 60% of accounts payable during the month of purchase• 35% in the first month after purchase• 5% in the second month after purchaseMonth PurchasesApril 50,000May 52,000June 60,000July 72,000Compute the estimated total cash disbursements during July. Show your calculations
I need help with this problem

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS