Please provide this question solution general accounting Suppose that LilyMac Photography has annual sales of $222,000, costof goods sold of $157,000, average inventories of $6,300, averageaccounts receivable of $28,600, and an average accounts payablebalance of $19,000.Assuming that all of LilyMac's sales are on credit, what will be thefirm's cash cycle? (Use 365 days a year. Do not round intermediatecalculations. Round your final answer to 2 decimal places.)

Step 1: Define Cash CycleThe average time that is taken by a business to convert its payables into…

Answered: Suppose that LilyMac Photography has…

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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PLEASE MAKE IT IN EXCEL AND SHOW THE FORMULAS (Take screenshots) La Resolana, S.A., has credit sales of $180,000 per year, with net payment terms of 30 days, which is also the average collection period. La Resolana does not currently offer any cash discounts, so customers take the 30 days to pay. What is the average accounts receivable balance? What is the accounts receivable turnover?
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Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period = 59 days Receivables Collection Period = 19 days Payables Deferral Period = 41 days Please explain process and show calculations.
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еВook Zane Corporation has an inventory conversion period of 90 days, an average collection period of 34 days, and a payables deferral period of 48 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. days b. If Zane's annual sales are $3,454,540 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.
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For the Bayer Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of of the firm's cash conversion cycle?
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 =
Cass & Company has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period = 40 days Receivables Collection Period = 17 days Payables Deferral Period = 25 days Question options: 35 days 31 days 25 days 32 days 33 days
Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle? a. 78 days b. 74 days c. 70 days d. 63 days e. 67 days
Suppose you need $5,000 in one year, $4,300 more in two years, and $5,000 more in three years. Match each present value amount to the corresponding cash flow, assuming a discount rate of 17%. (Round all answers to two decimal places.) Instructions Drag and drop application. Present value of the Year 1 cash flow Present value of the Year 1 cash flow drop zone empty. Present value of the Year 2 cash flow Present value of the Year 2 cash flow drop zone empty. Present value of the Year 3 cash flow Present value of the Year 3 cash flow drop zone empty. $3,141.21 $3,121.85 $4,273.50
Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8% compounded annually. In other words, how much do you have to deposit now (with the second deposit in the amount of $1,000 at the end of the first year) so that you will be able to withdraw $600 at the end of the second year through the fourth year, and $800 at the end of the fifth year, where the bank pays you 8% annual interest on your balance?

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