Hii expert please provide correct answer general Accounting question Question:Suppose that LilyMac Photography has annual sales of $240,000,cost of goods sold of $175,000, average inventories of $5,500,average accounts receivable of $27,000, and an averageaccounts payable balance of $18,200.Assuming that all of LilyMac's sales are on credit, what will be thefirm's cash cycle? (Use 365 days a year. Do not roundintermediate calculations and round your final answer to 2 decimalplaces.)

Explanation: Following data is given in the question:Sales (all credit) = $240,000; Cost of goods…

Answered: Question: Suppose that LilyMac…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter17: The Management Of Cash And Marketable Securities

Section: Chapter Questions

Problem 2P

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Suppose that LilyMac Photography has annual sales of $233,000, cost of goods sold of $168,000, average inventories of $4,800, average accounts receivable of $25,600, and an average accounts payable balance of $7,300.Assuming that all of LilyMac’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Suppose that LilyMac Photography has annual sales of $233,000, cost of goods sold of $168,000, average inventories of $4,800, average accounts receivable of $25,600, and an average accounts payable balance of $7,300. Assuming that all of LilyMac's sales are on credit, what will be the firm's cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) What will be the firm's operating cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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You have recently been hired to improve the performance of Multiplex Corporation, which has been experiencing a severe cash shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following Information and a 365-day year, your estimate of the firm's current cash conversion cycle would be __________days Current Inventory = P120,000. Accounts receivable = P157,808. Accounts payable = P25,000. Annual sales P600,000. Total annual purchases = P365,000. Purchases credit terms: net 30 days. Receivables credit terms: net 50 days. O 100 O 49 O 144 O 168
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Based on the provided information in the attached image, please calculate the following simpe equations; (It's super simple, just tiny simple mathematical calculations that should take only 2 minutes, I'm just lost with the wording...) Average collection period, = Days to sell inventory, = Accounts payable payment period, = Amborse's cash-to-cash cycle, = The company's bank loan =
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