Your company collected $340.00 million and spent $381.00 million this month. If previous month's cash position (cumulative cash) is $14.31 million and your company target cash position is $20.00 million. What's your company's cash surplus/shortage at the end of this month, with positive number indicates a surplus and negative number indicates a shortage? Note: your answer should be in millions of dollars

Your company forecasts that next year's sales will be $59.00 million, Cost of Goods Sold (COGS) will be 85% of sales, and the Days Payables Outstanding (DPO) ratio will be 22.19. What is the forecasted accounts payable for next year?

You have recently been hired to improve the performance of Multiplex Corporation, which has been experiencing a severe cash shortage.  As one part of your analysis, you want to determine the firm’s cash conversion cycle.  Using the following information and a 365-day year,(a) what is your estimate of the firm’s current cash conversion cycle?   Current inventory = $241,000.00 • Annual sales = $1,200,000.00 • Accounts receivable = $300,000.00 • Accounts payable = $245,000.00 • Total annual purchases = $600,000.00 • Purchases credit terms:  net 30 days.   • Receivables credit terms:  net 50 days.

Suppose that Freddie's Fries has annual sales of $620,000; cost of goods sold of $495, 000; average inventories of $21,000; average accounts receivable of $37,000, and an average accounts payable balance of $32, 000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places.) a. 37.26. b. 60.86. c. 1.82. d. 13.66.

Your company forecasts that next year's sales will be $78.00 million and the Days Sales Outstanding (DSO) ratio will be 24.84. What is the forecasted accounts receivable for next year? Note: your answer should in millions of dollars..

Sam & Sons management estimates that it takes the company 34 days on average to pay its suppliers. Management also knows that the company has days’ sales in inventory of 57 days and days’ sales outstanding of 35 days. How does Sam & Sons' cash conversion cycle compare with the industry average of 69 days? Sam & Sons' cash conversion cycle is_____ days Cash conversion cycle is (?) the industry average. The firm is (?) than other firms in the industry in managing its working capital.

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Your company has sales of $97,200 this year and cost of goods sold of $71,200. You forecast sales to increase to $113,100 next year. Using the percent of sales​ method, forecast next​ year's cost of goods sold.

Linear Technology had sales (all on credit) of $36 million and a gross profit margin of 30% last year. If Linear Technology's inventory averaged $3.9 million, and its accounts receivable were $5.0 million, what was the length of its operating cycle?

Vikings Inc., is developing a pro forma income statement for the coming year. The chief financial officer estimates that sales will be $150,000,000. If gross profits are historically 36% of sales, what is the expected cost of goods sold (in dollars)? a) $36,000,000 b) $54,000,000 c) $64,000,000 d) $96,000,000 NOTE: In your Excel spreadsheet, all calculations must be included