The COGS of a company is 600,000. Opening inventory is 15,000 and the closing inventory is 85,000. Particular 2018 Annual Credit Sales 500,000 Annual credit purchases 300,000 Creditors in the beginning 65000 Creditors at the end 45000 Debtors in the beginning 80,000 Debtors at the end 100,000 You are requested to calculate the cash conversion cycle

Q: True answer of cash cycle

A: Step 1: Introduction to the Cash CycleThe cash cycle describes the time a business requires to…

Q: MMM Inc. has the following account balances at Dec. 31, 2020: Accounts Payable: $700,000 Cash:…

A: Detailed explanation:Formula : Current Ratio = current assets / current liabilitiesCurrent Ratio =…

Q: average collection period_

A: Average collection period = 365 * ((Accounts receivable, Opening + Accounts receivable,…

Q: Use the formulas you learned about in the previous stage of the problem to answer the following…

A: Ratio analysis is a quantitative method to determine liquidity, operational efficiency, and…

Q: What is the firm's cash (conversion) cycle?

A: Information provided: Inventory Conversion Period = 38 days Receivables Collection Period = 19 days…

Q: Consider the following financial statement information for the Emma Corpo Item Inventory Accounts…

A: Company needs to maintain a proper amount of working capital for that company needs to calculate the…

Q: Give company's cash cycle

A: The cash cycle, also known as the cash conversion cycle (CCC), is a metric that measures how long it…

Q: Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the…

A: Here, Net Credit Sales is $14100000 Cost of Goods Sold is $9370000 Average Inventory is $1171250

Q: Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the…

A: Here, Net Credit Sales is $14100000 Cost of Goods Sold is $9370000 Average Inventory is $1171250

Q: Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the…

A: INVENTORY TURNOVER RATIO Inventory Turnover Ratio is the Ratio between Cost of Goods Sold &…

Q: i need a solution :

A: The objective of the question is to prepare a partial statement of financial position for Culver…

Q: Calculate the cash cycle (in days) based on the following information (keep two decimal places).…

A: The cash conversion cycle (CCC) is a key financial metric used to determine the number of days funds…

Q: Provide answer

A: Solution:The cash conversion cycle (CCC) measures the time (in days) that a company takes to convert…

Q: 10 A trader provided the following information: Payables: opening balance = $4,000; closing balance…

A: Accounts receivables are those customer accounts to whom business has made credit sales on account,…

Q: Cash Sales Sales on account Total sales January February March 5,000 6,000 10,000 12,000 4,000…

A: CASH BUDGET Cash Budget is a detailed budget of cash income and cash expenditure incorporating both…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.