Q: Consider the following financial statement information for the Carlboo Corporation: Beginning…
A: A metric that provides information about the number of days a company takes to convert its inventory…
Q: Hanse, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 days, and an inventory period…
A: We need to use the following equations for calculation of accounts payable and accounts receivable…
Q: Ives Corp. has an Inventory period of 21.6 days, an accounts payable period of 34.1 days, and an…
A: Given: Inventory period = 21.6 days Accounts payable period = 34.1 Accounts receivable days = 30.2…
Q: ABC company's records included the following, assume 365 days in a year: Accounts Receivable,…
A: Average Accounts Receivables = (Beginning Accounts Receivables + Ending Accounts Receivables ) /2…
Q: Asian Boss Corp. has the following data relating to accounts receivable for the year ended December…
A: Allowance for doubtful accounts means where account receivables are not going to recover in full and…
Q: You are given the following information. Revenue Current liabilities Days sales in receivable…
A: Here, To Find: Cash amount =?
Q: Consider the following financial statement information for the Emma Corporation: Item Beginning $…
A: To calculate operating and cash cycle we need to identify 1.Average collection period 2.Day sales…
Q: Given the following information, complete the balance sheet shown nex Collection period Days' sales…
A: As per the information provided: Collection period - 70 daysDays sales in cash - 32 daysCurrent…
Q: ABC Corporation has average balances of P1,800,000 in inventory, P2,000,000 in accounts receivable,…
A: Ratio Analysis The purpose of preparing ratio analysis to understand the strength and weakness of…
Q: A manufacturer reports the data below. Accounts payable Accounts receivable Iaventory Set sales Cost…
A: Cash conversion cycle shows the number of days in which the company could efficiently collect and…
Q: 4.4 ROE decomposition 2021 Tax Effect Financial Cost Effect Operating Margin…
A: ROE: It is a measure of profitability and is estimated by dividing the net income by the equity…
Q: Luke Company has an-inventory conversion period of 60 days, a receivables conversion period of 45…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million…
A: Here, Sales is $1,110,000 Accounts Receivable is $52,000 Total Assets is $5,120,000 Fixed Assets is…
Q: ABC Corporation has average balances of P1,800,000 in inventory, P2,000,000 in accounts receivable,…
A: Cost of goods sold = Opening stock + Net purchases + Direct expenses - Closing stock…
Q: what it the firm’s cash conversion cycle?
A: Cash Conversion Cycle: It is a metric used in finance that indicates the time it takes for a firm…
Q: Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as…
A: Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as…
Q: Cash and accounts receivable for Adams Company are as follows: Prior Current Year Year Cash $41,208…
A: Dollar change in Cash = Current Year Cash - Prior Year Cash Dollar change in Accounts Receivable =…
Q: Ill Company provides the following data for the year 2020: Cash sales - 500,000; Collection from…
A: The gross sales are calculated as sum of net sales, sales discount and allowance and sales returns.
Q: If Hot Corporation has a balance in account receivable of P80,000, total assets of P520,000, credit…
A: Here, Accounts Receivables is P80,000 Total Assets is P520,000 Credit Sales is P360,000 Current…
Q: The National Co. has an inventory conversion period of 60 days, a receivable conversion period of 35…
A: Solution Working note - Average daily sales = 3375000 / 360 = 9,375.
Q: Libscomb Technologies' annual sales are $6,615,140 and all sales are made on credit, it purchases…
A: The question is based on the concept of financial ratios
Q: What is the receivales turnover and what is the average collection period (days sales outstanding) ?
A: Information Provided: Credit sales = $10,640,000 Receivables = $1,520,000
Q: If a company has a cash cycle of 30 days and an operating cycle of 92 days, what is its average…
A: The average payment period is the time taken by the firm to pay off its accounts payables. Accounts…
Q: Laserscope has an inventory conversion period of 45 days, a receivables conversion period of…
A: Cash Conversion Cycle(CCC) is period in which investment made by company in inventory and…
Q: XYZ Industries had sales of $985 million and a cost of goods spold of $560 million in 2019, A…
A: Given: in $ millions Sales 985 COGS 560 Accounts Receivable 85 Inventory 90 Accounts…
Q: The following are ABM Store's year-end balances of selected accounts: Cash, P200,000.00; Sales,…
A: Net Sales = Sales - Sales Discount Gross Profit = Net Sales - Cost of Goods sold Net Income = Gross…
Q: Accounting has supplied the following information from our ERP system:Data: Sales over last 30 days…
A: Cash conversion cycle is the total time period taken by the firm to complete its operating cycle. It…
Q: The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The…
A: Current ratio States the liquidity position of a company. current ratio is calculated by current…
Q: Chastain Corporation is trying to determine the effect of itsinventory turnover ratio and days sales…
A: Cash Conversion Cycle shows how much time (in days) will a company requires to convert investments…
Q: If we know that for the year 2010 Johnson's Company had Cost of goods sold = 600,000 USD and Sales…
A: Given that, Sales (on credit) = 850,000 USD Opening accounts recievables = 75,000 USD Closing…
Q: Zane Corporation has an inventory conversion period of 79 days, an average collection period of 43…
A: Calculate the cash conversion cycle as follows: Cash conversion cycle = Inventory period +…
Q: Libscomb Technologies' annual sales are $5,024,963 and all sales are made on credit, it purchases…
A: Cash cycle = Days inventory outstanding + days sales outstanding - days payable outstanding Days…
Q: What is the cash conversion cycle for XYZ Company, based on the following information? Inventory:…
A: Cash conversion cycle refers to the time period a company takes in converting its inventory to cash.…
Q: JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million…
A: (1) Account Receivable Days = (Average Receivable x 365) / Credit Sale Here we are assuming that all…
Q: Liam Co., had the following data in 2020. Compute the MCIT at 2%. Gross Sales 1,000,000 Sales…
A:
Q: Suppose the 2022 financial statements of 3M Company report net sales of $23.1 billion. Accounts…
A: The accounts receivable turnover ratio determines the efficiency of the collection from its accounts…
Q: Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days…
A: Step 1: Compute the CCC (cash conversion cycle) as follows:
Q: FMT Trading Inc. has the following financial data: Annual sales 10,000,000 Cost of goods sold…
A: Cash Conversion Cycle - Cash Conversion cycle is calculated by following formula - Average…
Q: National Co. has an inventory conversion period of 60 days, a receivable conversion period of 35…
A: The Cash Conversion Cycle (CCC) is one of the various quantitative indicators that may be used to…
Q: Cass & Company has the following data. What is the firm's cash conversion cycle? Inventory…
A: A metric that provides information about the number of days a company takes to convert its inventory…
Q: Compute for the cash conversion cycle.
A: Cash conversion cycle refers to the time period taken a business entity in order to convert its…
Q: Nice Ltd has a Days Inventory Outstanding of 13, Accounts Receivable $128, Average Sales per Day…
A: Cash conversion cycle is a measure which was used to find the required time to needed to convert the…
Q: Libscomb Technologies' annual sales are $5,851,355 and all sales are made on credit, it purchases…
A: Cash Cycle in days = Inventory Holding Period + Accounts receivable collection period - Accounts…
Q: The current assets of Trisikstin Enterprise consist of cash, accounts receivable and inventory. The…
A: Working capital = Current Asset - Current liabilities P 11,20,000 = Current Asset -…
Q: Determine the NLF, NSF and the liquidity ratio for the FY 2021; Determine the days receivable, Days…
A: A]. NLF = Net Long Term Financing = Long Term Financing — Net Fixed Assets =…
Q: During the year ended 31 March 2019, a business made sales of GH₵ 560,000 of which 25% were for…
A: Trade receivables turnover = Net Credit Sales / Average trade receivables Where, Average trade…
Q: Considering the financial statement information below for the The C’mon Cam! Co., how long is the…
A: Cash cycle shows the time taken by current assets to convert into cash. It is the total of time…
ABC Inc. has the following data. What is the firm's cash (conversion) cycle?
| Inventory Conversion Period = |
38 days
|
| Receivables Collection Period = |
19 days
|
| Payables Deferral Period = |
26 days
|
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- ces Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Inventory turnover Liabilities to assets Payables period Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Liabilities and shareholders' equity Current liabilities: 71 days 33 days 2.2 times Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity 5 65% 35 days $ $ 1,300,000 2,000,000 7,000,000Direct Furnishings Inc. has the following data:Annual sales $10,000,000Cost of goods sold 6,000,000Inventory 2,547,945Accounts receivable 1,643,836Accounts payable 1,200,000What is the firm’s cash conversion cycle?After reviewing the information, calculate the following ratios for Nestlé for 2021:1) Inventory turnover2) Profit margin3) Return on assets4) Free cash flowRound all answers to two decimal places.
- Use the given information about XYZ Pty Ltd to answer the questions that follow: Sales P10, 000,000 Average inventories P2, 000,000 Cost of goods sold P8, 000,000 Receivables P666, 667 Average Accounts payable P666, 667 Required: a. Define the cash conversion cycle. b. Calculate XYZ’s Average Age of Inventory. c. Calculate XYZ’s Average Collection Period. d. Calculate the Accounts Payable Period. e. Calculate the XYZ’s cash conversion cycle. f. Advise XYZ on what they should do to reduce their cash conversion cycle. g. Explain two strategies that XYZ can use to fund its cash conversion cycle requirements.Based on the financial statement information of Monster Inc. in the following table, answer the following questions: Unit in Million US$ accounts receivable annual sales Cost of goods depreciation fixed assets inventory 2019 150 71 31 Start of 2019 52 222 91 End of 2019 59 275 106 1) Calculate the Fixed-asset turnover, Inventory turnover ratio and Days receivable of Monster Inc 0.87 0.63 72 2) Compare the above results with the following industry average information, comment on their implications in terms of efficiency of asset utilisation. Industry average (Unit 2019 in Million US$) Fixed-asset turnover Inventory turnover ratio Days receivableThe following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
- After reviewing the information, calculate the following ratios for 2021. 1) Inventory turnover2) Profit margin3) Return on assets4) Free cash flow Round all answers to two decimal places.please anwer all the questions i have mentioned below : - A company has the following items for the fiscal year 2020: Cash = 2 million Marketable securities = 3 million Account receivables (A/R) = 1.5 million Inventories = 8.5 million Total current liabilities = 8 million Calculate the company’s current ratio and quick ratio 2. Write the formula for the following ratios and what each ratio measures: Asset turnover Inventory Turnover and Days Inventory Receivable Collection Period 3. Write down the DuPont framework. How would you explain to your non-MBA non-Finance friend about the DuPont framework and why it is important?Calculating Cycles Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $16,284 $19,108 Accounts Receivable 11,219 13,973 Accounts Payable 13,960 16,676 Net Sales $219,320 Cost of Goods Sold 168,420 Calculate the operating and cash cycles. How do you interpret your answer?
- INSTRUCTIONS Determine the following measures for both 20Y8 and 20Y9, rounding percentages and ratios other than per-share amounts to one decimal place. Briefly explain how or why management would use this information and comment on the trend from 20Y8 and 20Y9. Working capital Current ratio Quick ratio Accounts receivable turnover Number of days’ sales in receivables Inventory turnover Number of days’ sales in inventory Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders’ equity Times interest earned Asset turnover Return on total assets Return on stockholders’ equity Return on common stockholders’ equity Earnings per share on common stock Price-earnings ratio Dividends per share Dividend yieldComplete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 73.0 days² Inventory turnover ratio: 3.75x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% *Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales $ $ $360,000 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold $ $ $ 90,000 90,000Calculating Cycles Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $16,284 $19,108 Accounts receivable 11,219 13,973 Accounts payable 13,960 16,676 Net Sales $219,320 Cost of Goods sold 168,420 Calculate the operating and cash cycles. How can you interprete your answer?
