Ivanhoe Sales Company has sales of $1,750,000. If the company's management expects sales to grow 7.00 percent annually, how long will it be before sales double? Use financial calculator to solve this problem. (Round answer to 0 decimal places, e.g. 20.) Time needed to double its sales years
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- Suppose the company has just the opposite news and now expects unit sales for August, September, and October to be double (200%) the original estimates. What effect will this have on the company’s net income and borrowing? Explain your findings.Carla Vista Sales Company has sales of $1,250,000. If the company’s management expects sales to grow 4.50 percent annually, how long will it be before sales double? Use financial calculator to solve this problem. (Round answer to 0 decimal places, e.g. 20.) Time needed to double its salesOriole Sales Company has sales of $1,750,000. If the company’s management expects sales to grow 7.00 percent annually, how long will it be before sales double? Use financial calculator to solve this problem. (Round answer to 0 decimal places, e.g. 20.) Time needed to double its sales enter a number of years needed to double its sales rounded to 0 decimal places years
- Suppose that LilyMac Photography has annual sales of $230,000, cost of goods sold of $165,000, average inventories of $4,500, average accounts receivable of $25,000, and an average accounts payable balance of $7,000.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.)Leyton Lumber Company has sales of $12 million per year, all oncredit terms calling for payment within 30 days, and its accounts receivable are $1.5 million.What is Leyton’s DSO, what would it be if all customers paid on time, and how much capitalwould be released if Leyton could take action that led to on-time payments?CelebNav, Inc. had sales last year of $750,000 and the analysts are predicting a good year for the start up, with sales growing 21 percent a year for the next 3 years. After that, the sales should grow 12 percent per year for another two years, at which time the owners are planning on selling the company. What are the projected sales for the last year before the sale? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Projected sales in year 5 $
- Zephyr sales company has sales of 1.125 million. If the company's management expects sales to grow 6.5 percent annually, how long will it be before sales double?If a firm's sales are $1,680,000 and it costs 9 percent to carry current assets, what is the potential savings if management can increase inventory turnover from 2 to 4 times a year and increase receivables turnover from 5.0 to 6.5 times a year? Round your answer to the nearest dollar. $Hurkin Manufacturing Company pays accounts payable on the tenth day after purchase. The average collection period is 30 days, and the average age of inventory is 40 days. The firm currently has annual sales of about $18 million and purchases of $14 million. The firm is considering a plan that would stretch its accounts payable by 20 days. If the firm pays 12% per year for its resource investment, what annual savings can it realize by this plan? Assume a 360- day year.
- Leyton Lumber Company has sales of $10 million per year, all on credit terms calling for payment within 30 days, and its accounts receivable are $2.25 million. Assume 365 days in year for your calculations. What is Leyton's DSO? Do not round intermediate calculations.Round your answer to two decimal places. days What would DSO be if all customers paid on time? Do not round intermediate calculations. Round your answer to two decimal places. days How much capital would be released if Leyton could take actions that led to on-time payments? Write out your answer completely. For Example, 13.2 million should be entered as 13,200,000. Do not round intermediate calculations. Round your answer to the nearest cent.$The owner of Ardent company wants to increase sales by ZMW75 000 over the next year. The company's gross profit margin is 30 percent of sales, so its gross profit on these additional sales would be ZMW X 30%=ZMW 22 500, its average collection period is 47 days, and managers estimate that generating the additional sales will require an increase in expenses of ZMW 21 300 a) What the additional cash that Ardent will need to support this higher level of sales? b) What steps can the owner use to reduce the cash cycle? c) What is the implication on your business if you run out of cash?ACE Design has daily sales of $52,000. The financial management team has determined that a lockbox would reduce the collection time by 2.9 days. Assuming the company can earn 6.8 percent interest per year, what are the savings from the lockbox? (Round answer to 2 decimal places, e.g. 12.25.) Savings from the lockbox $__________ per year