Question:Alpha International Pte Ltd reported healthyprofits from its business for the past few years.However, the company still experience cash flowissues occasionally. In orderto prevent such incidence to happen again,following information for analysis:20192020Annual credit salesCost of goods sold$680,000$420,000$330,000$250,000$170,000$980,000$640,000$470,000$310,000$260,000Accounts receivable balanceInventory balanceBalance in accounts payableAssume that there are 365 days in a year:A:Compute the operating cycle for year 2020.B:Determine the cash cycle of year 2020.pls provide full working steps ,if do so and ifanswer is correct, i will surly give you heplful

Operating cycle = ((Average Inventory/Cost of goods sold) *365) + ((Average Receivables/Sales * 365)…

Question: Alpha International Pte Ltd reported healthy profits from its business for the past few years. However, the company still experience cash flow issues occasionally. In order to prevent such incidence to happen again, following information for analysis: 2019 $680,000 $420,000 $330,000 $250,000 $170,000 2020 Annual credit sales Cost of goods sold $980,000 $640,000 $470,000 $310,000 $260,000 Accounts receivable balance Inventory balance Balance in accounts payable Assume that there are 365 days in a year:

Question: Alpha International Pte Ltd reported healthy profits from its business for the past few years. However, the company still experience cash flow issues occasionally. In order to prevent such incidence to happen again, following information for analysis: 2019 $680,000 $420,000 $330,000 $250,000 $170,000 2020 Annual credit sales Cost of goods sold $980,000 $640,000 $470,000 $310,000 $260,000 Accounts receivable balance Inventory balance Balance in accounts payable Assume that there are 365 days in a year:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

please answer this
Question 21 A firm has accounts receivables of R352 476, sales just ended of R3 050 291. What is the average collection period? Assume 365 days in a year Question 22 A firm has sales of R40 million, total assets of R50 million and total debt of R9 million. The net profit margin is 8%. a) What is the net profit? b) ROE
Finance
None
29. Valuing a business (S4.6) Phoenix Corp. faltered during the Covid pandemic but is recovering. Free cash flow has grown rapidly. Forecasts made in 2021 are as follows: ($ millions) Net income Investment Free cash flow 2022 1.0 1.0 0 2023 2.0 1.0 1.0 2024 3.2 1.2 2.0 2025 3.7 1.4 2.3 Phoenix's recovery will be complete by 2026, and there will be no further growth in net income or free cash flow. a. Calculate the PV of free cash flow, assuming a cost of equity of 9%. b. Assume that Phoenix has 12 million shares outstanding. What is the price per share? c. Confirm that the expected rate of return on Phoenix stock is exactly 9% in each of the years from 2022 to 2026. 2026 4.0 1.4 2.6
What is the Total Asset Turnover Ratio for a company with $120,000 in annual sales, beginning Assets of $250,000 and ending Assets of $200,000? .48 1.34 .26 .53 please give the correct answswer but only one is right.e xplain the correct naswer The efficiency ratio that shows how efficiently a company uses its cash to generate revenue is: Accounts Receivable Turnover Ratio. Total Asset Receivable Turnover Ratio. Cash Turnover Ratio. Inventory Turnover Ratio. please give the correct answswer but only one is right.e xplain the correct naswer
ASSESSMENT -- Multiple Choice Problem The financial statements of PalomerTrading Ltd. are given below: 2018 P 10,470 2019 Cash and Cash Equivalents P 12,250 Receivables 9,065 8,055 Inventory 6,620 5,300 Prepaid Expenses 8,545 10,600 Total Current Assets 36,480 34,425 Other Assets 78,685 P 128,980 P 113,110 92,500 Total Assets Total current liabilities 36,150 42,335 Long-term liabilities 23,990 18,960 Psalm Palomer, Capital 68,840 51,815 Total Liabilities and Equity P 128,980 P 113,110 2019 Net Sales P 104,705 Cost of Goods Sold 32,275 Gross Profit 69,430 Selling Expenses 35,325 Administrative Expenses 12,815 Operating Income 21,290 Interest Expense 1,050 Net Income Р 20,240 Required: Compute for the indicated financial ratios for Palomer Trading financial statements. Choose the correct answer in each of the following. 1. Which statement best describes Palomer Trading's acid-test ratio? a. greater than 1 b. equal to 1 c. less than 1 d. none of the ave 2. Palomer Trading's inventory…
Don't provide answers in image format
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
19) We have $600,000 of accounts receivable at end of first year (2022). We estimate that 3% will not be collected. By 4/1/2023, we have collected $578,000 of the $600,000. In the chart below, make an entry on 4/1/2023 that reflects a belief that the remaining AR will never be collected. Label columns. Apr 1, 2023 A cash E Retained earnings
M6
Current Attempt in Progress Splish Brothers Inc. reports a $24000 increase in inventory and a $6000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $338400, Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were O $314400. O $368400. O $308400. O $338400.