Templar Inc. had sales of $95 million this year. Its accounts receivable balance averaged $3.8 million. How long, on average, does it take the firm to collect on its sales?
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How long on average does it take the firm to collect on its sales?
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- Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35 days, and a payables deferral period of 25 days. Assume that cost of goods sold is 80% of sales. What is the length of the firm’s cash conversion cycle? If annual sales are $4,380,000 and all sales are on credit, what is the firm’s investment in accounts receivable? How many times per year does Negus Enterprises turn over its inventory?How long on average does it take the firm to collect on sales?TICA Corporation had sales of $72 million this year. Its accounts receivable balance averaged $2.4 million. How long, on average, does it take the firm to collect on its sales?
- Assume the credit terms offered to your firm by your suppliers are 4/20, net 50. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 50. (Hint: Use a 365-day year.) The cost of trade credit is%. (Rounded to two decimal places.) ...If a firm has sales of $25,689,00 a year, and the average collection period for the industry is 45 days, what should this firm's accounts receivable be in the firm is comparable to the industry?ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next year, they anticipate sales of $30,000,000 and an Accounts Receivable Turnover Ratio of 19.2. If that happens, by how much will Accounts Receivable change?
- Marino Enterprises had annual sales of $75 million that occurred evenly throughout the 365 days of the year. Its accounts receivable balance averaged $3.5 million. How long, on average, does it take the firm to collect on its sales? (Round answer to nearest day) a. 15.9 days b. 17.0 days c. 19.6 days d. 22.3 daysHendrix Corporation had annual sales of $75 million, which occurred evenly throughout the 365 days of the year. Its accounts receivable balance averaged $3 million. How long, on average, does it take the firm to collect on its sales? AnswerSuppose that Jensen Corporation has annual sales of $8.92 million, cost of goods sold of $4.73 million, average inventories of $1,580,000, and average accounts receivable of $820,000. Assuming that all of Jensen's sales are on credit, what will be the firm's operating cycle?
