PROBLEM: 8.7 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 DAYS.
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- Solve this problemIf 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?Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle? a. 78 days b. 74 days c. 70 days d. 63 days e. 67 days
- pm.6Assume the average management cost per account per year is $200 and the average fees earned per account per year is $170. The average annual size of account is $1800. What is the average implicit interest rate (round to two decimals)? Select one: a. 4.86% b. 1.67% c. 15% d. -1.67%20. If the average collection period is 60 days, what is the accounts receivable turnover? a. 6.0 times b. 6.1 times C. 12.2 times d. None of these
- If the days inventory is 50, days receivable is 17 and days payable is 25 and assuming 365 days in a year, then the cash conversion cycle is equal to: a. 92 Days b. 58 Days c. 42 Days d. 67 Days e. 75 DaysAssume a firm has a cash cycle of 38 days and an operating cycle of 63 days. What is its average payment period? Average payment period days22) A firm has the following data: Inventory conversion period = 75 days Average collection period = 32 days Payables deferral period = 45 days What is the firm's cash conversion cycle? 1. 5 days. 2. 40 days. 3. 62 days. 4. 88 days. 5. 15 days.