Inmoo Company's average age of accounts receivable is 36 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days.  Assuming a 365-day year, what is the length of its cash conversion cycle?

Q: Zane Corporation has an inventory conversion period of 48 days, an average collection period of 33…

A: It is given thatInventory conversion period is 48 days.Average collection period is 33 days.Payables…

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: Cass & Company has the following data. What is the firm's cash conversion cycle? Inventory…

A: Information Provided: Inventory Conversion Period = 47 days Receivables Collection Period = 17 days…

Q: Nock Inc. has a Days Inventory Outstanding of 13, an Accounts Receivable $128, an Average Sales per…

A: Cash Conversion Cycle is a method used by the management and it can be calculated as follows, =Days…

Q: Yeti Televisions has the following information: Inventory Outstanding = 15 Days Accounts Receivable…

A: Cash Conversion Cycle: = Inventory outstanding in days + outstanding sales in days - outstanding…

Q: Skylark Industries has P6,000,000 in inventory and P3,000,000 in accounts receivable. The company…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: If the average age of the inventory is 90 days, the average age of accounts payable is 60 days, and…

A: Cash Flow Cycle= Days inventory outstanding + Days sales outstanding - Days payables outstanding

Q: If a firm has sales of $25,689,00 a year, and the average collection period for the industry is 45…

A: We often convert the receivables turnover ratio into days and call it the average collection…

Q: If the average age of the inventory is 90 days, the average age of accounts payable is 65 days, and…

A: The cash conversion cycle that indicates to conversion investment in inventory and other resources…

Q: Garden Gate, Inc. reported the following data in its August 31 annual report. Cash and cash…

A: cash burn refers to the cash available in an organization for the given period to maintain its…

Q: What is the firm's cash (conversion) cycle?

A: Information provided: Inventory Conversion Period = 38 days Receivables Collection Period = 19 days…

Q: At​ year-end, StickStick has cash of $ 22 comma 000$22,000​, current accounts receivable of $ 80…

A: Calculate the receivables turnover ratio.

Q: Aztec Products wishes to evaluate its cash conversion cycle (CCC). Research by one of the firm’s…

A: Cash conversion cycle represents a company's ability to convert its final product , from paying…

Q: Using the Information below, compute the cash conversion cycle: 42 days 59 days 52 days Days' sales…

A: Cash conversion cycle is the number of days it takes for an inventory to convert into cash.

Q: accounts receivable balance

A: SOLUTION:- Receivables Period      = 46             Credit sales = $5,840,000…

Q: Zane Corporation has an inventory conversion period of 48 days, an average collection period of 26…

A: Cash conversion cycle(CCC) will be CCC =Inventory conversion period + Average collection period…

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: At year end, Bottle Water Company had currency and coins in cash registers of $5,600, money orders…

A: Cash and cash equivalents = Currency and coins + money orders from customers + deposits in checking…

Q: Sharam Industries has a 120-day operating cycle. If its average age of inventory is 50 days, how…

A: operating cycle is sum of inventory period and average collection period.This is time required to…

Q: Average age of accounts receivable is 36 days, the average age of accounts payable is 40 days, and…

A: Cash conversion cycle measure the required level of time to convert the investments made in…

Q: Enterprise A turns its stocks 8 times a year, pays its debts in 50 days on average and collects its…

A: Cash conversion cycle means how many days or month company take to convert its inventory into cash.…

Q: Assume a firm has a cash cycle of 67 days and an operating cycle of 104 days. What is its average…

A: The operating cycle is the time period from purchasing inventory to receiving cash from customers…

Q: Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

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: 3. BMC Co. has an average A/R balance of P1,250,000, average inventory balance of P1,750,000, and…

A: Cash conversion cycle :            As the name suggests, this accounting metric tells the users or…

Q: As of January 1 of the current year, Grayson Company had accounts receivable of $40,000. The sales…

A: Credit sales for January = total sales x 80% = $120,000 x 80% = $96,000

Q: Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts…

A: The answer states the computation of cash conversion cycle

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: Zen Inc., has an average age of accounts receivable is 36 days, the average age of accounts payable…

A: Cash conversion cycle will measure the required time to convert the investments made in inventories…

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: The George Company has a policy of maintaining an end-of-month cash balance of at least $30,000.In…

A:

Q: Calculate the firm’s cash conversion cycle, its daily cash operating expenditure, and the amount of…

A: Inventory Turnover ratio shows how many times a company has sold and replaced inventory during a…

Q: Altai, Inc has a cash conversion cycle of 175 days.  The company is able to stretch its average…

A: Cash Conversion Cycle measures the duration in days that the company takes to convert its…

Q: Average daily sales of Chase Pumping Goods are Rs. 100,000. Average accounts receivable of Chase has…

A: Cash conversion cycle is the time period that is used by the company to convert its resources into…

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: 1. Raviolli Enterprise has an average age of accounts receivable is 45 days. The average age of…

A: Formula:                Cash Conversion Cycle (CCC)= DRO+DIO- DPO where, DRO days of Receivables…

Q: If an average age of accounts payable is 15 days, the average age of accounts receivables is 60…

A: Cash Conversion Cycle = Days Inventory outstanding + Days receivables outstanding - Days payables…

Q: National Co. has an inventory conversion period of 65 days, a receivables conversion period of 42…

A: Cash conversion cycle = Inventory conversion period + Receivables conversion period - Payment cycle…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.