Current Attempt in Progress Shark Tank Ltd. has introduced a new technological product into the market. At the end of year 1, it had an annual profit of $950,000. Because of changes to the technology, it anticipates that its profit will decrease by 11% each year during the product's 6 year lifecycle. Assuming Shark Tank Ltd. invested all of its profit in an account that earned 4% annual interest, how much would be in the account at the end of year 6? Click here to access the TVM Factor Table calculator. $ million Carry all interim calculations to 5 decimal places and then round your final answer to 3 decimal places. Please enter your answers in millions of dollars. The tolerance is ±0.005 million. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Current Attempt in Progress Shark Tank Ltd. has introduced a new technological product into the market. At the end of year 1, it had an annual profit of $950,000. Because of changes to the technology, it anticipates that its profit will decrease by 11% each year during the product's 6 year lifecycle. Assuming Shark Tank Ltd. invested all of its profit in an account that earned 4% annual interest, how much would be in the account at the end of year 6? Click here to access the TVM Factor Table calculator. $ million Carry all interim calculations to 5 decimal places and then round your final answer to 3 decimal places. Please enter your answers in millions of dollars. The tolerance is ±0.005 million. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 12P: Strickler Technology is considering changes in its working capital policies to improve its cash flow...

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Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Stricklers sales last year were 3,250,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 6.0 times during the year, and its DSO was 41 days. Its annual cost of goods sold was 1,800,000. The firm had fixed assets totaling 535,000. Stricklers payables deferral period is 45 days. a. Calculate Stricklers cash conversion cycle. b. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. c. Suppose Stricklers managers believe the annual inventory turnover can be raised to 9 times without affecting sale or profit margins. What would Stricklers cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year?
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