The assets of BFIN 200 Ltd. consist exclusively of property, plant and equipment (PPE), and current assets.  The firm has total assets of $96,000 and PPE equals $84,000.  It has notes payable of $6,400, in addition to long-term debt of $26,000 and total common equity of $60,000.  The firm finances its needs with debt and common equity and does not have preferred stock on its balance sheet. Calculate the amount of total liabilities and equity on the firm’s balance sheet.         Calculate the balance of current assets on the firm’s balance sheet.            Calculate the balance of current liabilities on the firm’s balance sheet.

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.