Finlay Corporation had sales this year of $3,270 million, and sales are expected to grow by 20 percent next year.  Next year the company expects cost of goods sold to be 60 percent of sales, selling expenses to be $40 million per month, depreciation to be $10 million per month, and interest expense to be $24 million per month.  Taxes are computed at 21 percent.  What is Finlay's expected net income next year?

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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.