Question 4XYZ Company Ltd. producing widgets sold $760 million of them at a cost of $580million in the financial year ending 31 March 2022. Highlights of XYZ company'sbalance sheet on that date are given below:XYZ Company LtdBalance Sheet as of 31 March 2022$m15019075AssetsCashAccounts receivableInventoryTotal current assetsPlant, property, andequipment4155300Liabilities and EquityAccounts payableNotes payableAccrualsTotal current liabilitiesLong term debtSm60350754852985347022455715Total liabilitiesCommon equityTotal liabilities andEquityTotal Assets5715a) Calculate the cash conversion cycle for XYZ Company Ltd.b) Which is preferable, a longer or a shorter cash conversion cycle? Why?

Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…

Question 4 XYZ Company Ltd. producing widgets sold $760 million of them at a cost of $580 million in the financial year ending 31 March 2022. Highlights of XYZ company's balance sheet on that date are given below: Assets Cash XYZ Company Ltd Balance Sheet as of 31 March 2022 $m 150 190 75 415 Accounts Inventory Total current assets receivable Plant, property, and equipment 5300 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long term debt Total liabilities Common equity Total liabilities and Equity $m 60 350 75 485 2985 3470 2245 5715 Total Assets 5715 a) Calculate the cash conversion cycle for XYZ Company Ltd. b) Which is preferable, a longer or a shorter cash conversion cycle? Why?

Question 4 XYZ Company Ltd. producing widgets sold $760 million of them at a cost of $580 million in the financial year ending 31 March 2022. Highlights of XYZ company's balance sheet on that date are given below: Assets Cash XYZ Company Ltd Balance Sheet as of 31 March 2022 $m 150 190 75 415 Accounts Inventory Total current assets receivable Plant, property, and equipment 5300 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long term debt Total liabilities Common equity Total liabilities and Equity $m 60 350 75 485 2985 3470 2245 5715 Total Assets 5715 a) Calculate the cash conversion cycle for XYZ Company Ltd. b) Which is preferable, a longer or a shorter cash conversion cycle? Why?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 81.3C: Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear Refer to the 10-K reports of...

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