Need Help with this Question Parker Company has provided the following data for the mostrecent year: net operating income, $53,500; fixed expense,$89,000; sales, $190,000; and CM ratio, 75%. What is thecompany's total contribution margin?a. $161,000b. $101,000c. $142,500d. $190,000Your boss asks you to compute the company's cashconversion cycle. Looking at the financial statements, you seethat the average inventory for the year was $126,300, accountsreceivable were $97,900, and accounts payable wereat $115,100. You also see that the company had salesof $324,000 and that cost of goods sold was $282,000. What isyour firm's cash conversion cycle? Round to the nearest day.

Step 1: 1. To determine the company's total contribution margin, we can use the provided…

Answered: Parker Company has provided the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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