Hi this is one question. The excel sheet is the data to answer the question 9Why would an increase in the company's days in A/P produce cash for a business?The company is collecting on its credit sales faster.This is a non-cash item on the balance sheet, and therefore not applicable.The company is 'stretching its payables' and deferring a cash outflow.The company is selling more product at a quicker pace, and therefore experiencing cash inflows. Quarterly Working Capital ScheduleAll figures in USD thousands unless statedDays in PeriodRevenueCOGSAMOUNTS PER DAYAccounts ReceivableInventoryTOTAL AMOUNTSAccounts ReceivableInventory(Days)(Days)2021Q191.251092,4871,1352021Q291.251092,5791,1652021Q391.251092,6881,1962021Q491.2512 113,3891,6102022Q191.2512113,4571,6622022Q291.2512113,5261,7152022Q391.2512113,5791,7602022Q491.2512 113,6151,806

Accounts payable are current liabilities for the business. Accounts payable results in cash…

Quarterly Working Capital Schedule All figures in USD thousands unless stated Days in Period Revenue COGS MOUNTS PER DAY Accounts Receivable Inventory OTAL AMOUNTS Accounts Receivable Inventory (Days) (Days) 2021 Q1 91.25 10 9 2,487 1,135 2021 Q2 91.25 10 9 2,579 1,165 2021 Q3 91.25 10 9 2,688 1,196 2021 Q4 91.25 12 11 3,389 1,610 2022 Q1 91.25 12 11 3,457 1,662 2022 Q2 91.25 12 11 3,526 1,715 2022 Q3 91.25 12 11 3,579 1,760 2022 Q4 91.25 12 11 3,615 1,806

Quarterly Working Capital Schedule All figures in USD thousands unless stated Days in Period Revenue COGS MOUNTS PER DAY Accounts Receivable Inventory OTAL AMOUNTS Accounts Receivable Inventory (Days) (Days) 2021 Q1 91.25 10 9 2,487 1,135 2021 Q2 91.25 10 9 2,579 1,165 2021 Q3 91.25 10 9 2,688 1,196 2021 Q4 91.25 12 11 3,389 1,610 2022 Q1 91.25 12 11 3,457 1,662 2022 Q2 91.25 12 11 3,526 1,715 2022 Q3 91.25 12 11 3,579 1,760 2022 Q4 91.25 12 11 3,615 1,806

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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Question

Hi this is one question. The excel sheet is the data to answer the question

9
Why would an increase in the company's days in A/P produce cash for a business?
The company is collecting on its credit sales faster.
This is a non-cash item on the balance sheet, and therefore not applicable.
The company is 'stretching its payables' and deferring a cash outflow.
The company is selling more product at a quicker pace, and therefore experiencing cash inflows.

Quarterly Working Capital Schedule
All figures in USD thousands unless stated
Days in Period
Revenue
COGS
AMOUNTS PER DAY
Accounts Receivable
Inventory
TOTAL AMOUNTS
Accounts Receivable
Inventory
(Days)
(Days)
2021
Q1
91.25
10
9
2,487
1,135
2021
Q2
91.25
10
9
2,579
1,165
2021
Q3
91.25
10
9
2,688
1,196
2021
Q4
91.25
12 11
3,389
1,610
2022
Q1
91.25
12
11
3,457
1,662
2022
Q2
91.25
12
11
3,526
1,715
2022
Q3
91.25
12
11
3,579
1,760
2022
Q4
91.25
12 11
3,615
1,806

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