Answer this without using Chatgtp or AI Problem: 87If the average age of inventory is 90 days, the average age of accountspayable is 60 days, and the average age of accounts receivable is 65 days, thenumber of days in the cash flow cycle is_days.

Concept of Average Age of InventoryThe average age of inventory refers to the average number of days…

Answered: Problem: 87 If the average age of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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__ days. Right Answer
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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__ days.
Cash flow cycle
If an average age of accounts payable is 15 days, the average age of accounts receivables is 60 days, and the average age of inventory is 10 days, the number of days in the operating cash conversion cycle is O A. 70 days O B. 85 days O C. 55 days O D. 60 days
QUESTION 1 From Chapter 14: Balloon Payment Financial (BPF) has an inventory conversion period of 45 days, a receivables collection period of 30 days, and a payables deferral period of 15 days. (a) What is the length of the firm’s cash conversion cycle? (b) If BPF’s annual sales are $2.7 million and all sales are on credit, what is the average balance in accounts receivable? (c) How many times per year does BPF turn over its inventory? (d) What would happen to BPF’s cash conversion cycle if, on average, inventories could be turned over 12 times a year?
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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?
MC.15.088 « Question 9 Cass & Company has the following data. What is the firm's cash conversion eycle? Inventory Conversion Period = Receivables Collection Period = 47 days 17 days Payables Deferral Period = 25 days O a. 30 days O b. 38 days O c. 39 days O d. 46 days O e. 45 days
Twin peaks cash conversion cycle is how many days?

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Problem: 87 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.