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Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38 days, and a payables deferral period of 30 days. a. What is the length of the cash conversion cycle? b. If Zocco s annual sales are $3,421,875 and all sales are on credit, what is the investment in accounts receivable? c. How many times per year does Zocco turn over its inventory?

Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38 days, and a payables deferral period of 30 days. a. What is the length of the cash conversion cycle? b. If Zocco s annual sales are $3,421,875 and all sales are on credit, what is the investment in accounts receivable? c. How many times per year does Zocco turn over its inventory?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
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Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38 days, and a payables deferral period of 30 days. a. What is the length of the cash conversion cycle? b. If Zocco s annual sales are $3,421,875 and all sales are on credit, what is the investment in accounts receivable? c. How many times per year does Zocco turn over its inventory?
Transcribed Image Text:Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38 days, and a payables deferral period of 30 days. a. What is the length of the cash conversion cycle? b. If Zocco s annual sales are $3,421,875 and all sales are on credit, what is the investment in accounts receivable? c. How many times per year does Zocco turn over its inventory?
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