Mark's Manufacturing's average age of accounts receivable is 45 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?   a. 78 days     b. 74 days     c. 70 days     d. 63 days     e. 67 days

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: Consider the following financial statement information for the Carlboo Corporation: Beginning…

A: A metric that provides information about the number of days a company takes to convert its inventory…

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: ABC company's records included the following, assume 365 days in a year: Accounts Receivable,…

A: Average Accounts Receivables = (Beginning Accounts Receivables  + Ending Accounts Receivables ) /2…

Q: hat is the average number of days that the receivables of Viper Construction remain outstanding…

A: For computing the inventory tune over ratio first we have to find out the sales amount by applying…

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: An analyst has gathered the following data about a company . Average receivables collection period…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 22. The company has P5,000,000 n in inventory and P2,000,000 in accounts receivable. Its average…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

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: 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: For Nibong Prawn Paste Enterprise (NPPE), the average age of accounts receivable (AAR) is 60 days,…

A: a. Cash conversion cycle = Inventory days + Account receivable days  - Account payable days Cash…

Q: How would I calculate cash receipts and accounts receivable balance? Sequoia Furniture Company's…

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

Q: Consider the following financial statement information for the Emma Corporation: Item Beginning $…

A: To calculate operating and cash cycle we need to identify  1.Average collection period  2.Day sales…

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: Inmoo Company's average age of accounts receivable is 36 days, the average age of accounts payable…

A: Cash conversion cycle depicts the time required to convert company’s investment in inventory into…

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: Luke Company has an-inventory conversion period of 60 days, a receivables conversion period of 45…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: ABC Corp. pays for its purchases 20 days after goods are received. On the average , goods are sold…

A: The question is related to Cash Conversion cycle. The Cash Conversion cycle is the the length of…

Q: ABC Corporation has average balances of P1,800,000 in inventory, P2,000,000 in accounts receivable,…

A: Cost of goods sold = Opening stock + Net purchases + Direct expenses - Closing stock…

Q: Bulldogs Inc. has a cash conversion cycle of 3 weeks. It has a receivable turnover of 45 and…

A: Cash Conversion Cycle & Operating Cycle Operating cycle is the time taken  to convert inventory…

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: Al Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000.…

A: Credit sale=Total sale×100-Cash sale %=OMR 1,200,000×100-40%=OMR 720,000

Q: Laserscope has an inventory conversion period of 45 days, a receivables conversion         period of…

A: Cash Conversion Cycle(CCC) is period in which investment made by company in inventory and…

Q: XYZ Company's Average Accounts payable is OMR 240,000 and total Purchases is OMR 700,000. The Cash…

A: The average payment days are the number of days taken by the company to pay off its creditors.

Q: A firm starts with $5,000 of accounts receivables and ends the period with $4,000 of receivables. If…

A: Sales revenue: It can be defined as the amount received by an individual or entity against the sale…

Q: ABC Industries has accounts receivable of $700, inventory of $1,200, sales of $4,200, and cost of…

A: Ratio is a tool which is used to measure the growth and performance of the firm by establishing the…

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: 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: 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: 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: Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38…

A: Cash conversion cycle is defined as the metric, which used to be expressed in time that are measured…

Q: XYZ Company's Average Accounts payable is OMR 240,000 and total Purchases is OMR 700,000. The Cash…

A: Credit purchase = total purchase x (1 - cash purchase) = 700000 x (1-0.30) = OMR 490,000

Q: The following information is an extract of the statement of profit or loss of Palladium Ltd for the…

A: Cash Sale=Rate×Annual Sales=20%×$625,000=$125,000 Credit Sale=Annual Sales-Cash…

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

A: A metric that provides information about the number of days a company takes to convert its inventory…

Q: a) Calculate Kopitiam Sdn Bud’s accounts receivable turnover ratio for Year 2 and Year 3.…

A: a) Accounts receivable turnover ratio:- net sales/average account receivables. b) Days of accounts…

Q: Zane Corporation has an inventory conversion period of 90 days, an average collection period of 34…

A: a. Cash conversion cycle = Inventory turnover day + Receivables day – Payables day

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…

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.