Nice Ltd has a Days Inventory Outstanding of 13, Accounts Receivable $128, Average Sales per Day of $15, Days Payable Outstanding of 3. Compute Cash Conversion Cycle in 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: 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: Frappe Company provided the following data for the current year: Cash sales P2,500,000 Inventory –…

A: Cash basis of accounting considers only actual receipts and payments for the purpose of ascertaining…

Q: Oman chromite company LLC had sales last year of OMR 500,000, including cash sales of OMR 208,000.…

A: Accounts receivable = Credit Sales * Average collection period / 365

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

A: The answer states the computation of cash Conversion Cycle

Q: Claculate Delta Airlines Cash COnversion Cycle based on the following information: Sales 283,314…

A: Cash Conversion cycle: The cash conversion cycle can be calculated using the following formula: Days…

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

A: Ratio Analysis The purpose of preparing ratio analysis to understand the strength and weakness of…

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: Sandhill Co. had a beginning balance in accounts receivable of $65,960 and an ending balance of…

A: Calculation Table Accounts Receivable Balance Amount in $ Beginning balance $65,960 + Credit…

Q: Cash and accounts receivable for Adams Company are as follows: Prior Current Year Year Cash $41,208…

A: Dollar change in Cash = Current Year Cash - Prior Year Cash Dollar change in Accounts Receivable =…

Q: Prestige Company has determined the following information for its recent fiscal year: Days inventory…

A: Cash conversion cycle: It can be defined as a metric that computes the time usually taken by a…

Q: Zane Corporation has an inventory conversion period of 64 days,an average collection period of 28…

A:

Q: Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 286,489…

A: Cash Conversion Cycle is the time period that a business takes to convert its investment in…

Q: The current assets of Mayon Enterprise consists of cash, accounts receivable, and inventory. The…

A: Inventory refers to the level of goods that are currently available with the business for sale.…

Q: Southview Company's Interest revenue for the period is $14,600 and the beginning and ending interest…

A: working notes:   cash received  = Interest revenue+ beginning balance - closing balance…

Q: Given beginning and ending accounts receivable of $20,000 and $23,000, respectively, and assuming…

A: Sales on account = Ending accounts receivable + Cash collections - Beginning accounts receivable…

Q: Samaritan Supplies, Inc. has P5 million in inventory and P2 million in accounts receivable. Its…

A: The inventory conversion period is the time period a firm takes to sell out its inventory. The firms…

Q: Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 260,028…

A: The cash conversion cycle refers to the total time taken by the company to convert its inventory…

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: The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The…

A: Current ratio States the liquidity position of a company. current ratio is calculated by current…

Q: A company had a beginning balance in accounts receivable of 15,000 USD. At the end of the period,…

A: Given that, beginning balance in accounts receivable of 15,000 USD closing  balance in accounts…

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: Libscomb Technologies' annual sales are $5,024,963 and all sales are made on credit, it purchases…

A: Cash cycle = Days inventory outstanding + days sales outstanding - days payable outstanding Days…

Q: Bruton dye company has a Days Inventory Outstanding of 13, an Accounts Receivable of P128, an…

A: Cash conversion cycle: =Inventory outstanding in days + Sales outstanding in days -Payable…

Q: Cash and accounts receivable for Ashfall Co. are as follows: Prior Current Year Year Cash $62,400…

A: Horizontal analysis is prepared to show increase and decrease in amount by the line item. In this,…

Q: Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 279,852…

A: Cash conversion cycle of a firm is the amount of time , or span of time that the company or firm…

Q: The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The…

A: Ratio analysis helps to analyze the financial statements of the company. It is also helpful to…

Q: Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 289,729…

A: The cash conversion cycle is a three formula-based calculation. It comprises days inventory…

Q: Collinsworth Co. reported sales on an accrual basis of$100,000. If accounts receivable increased…

A:

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: FMT Trading Inc. has the following financial data: Annual sales 10,000,000 Cost of goods sold…

A: Cash Conversion Cycle - Cash Conversion cycle is calculated by following formula - Average…

Q: ble, December 1 148,000 Accounts Receivable, December 31 160,000 Accounts Receivable written-off as…

A: For the month of December, the records of ABC Corporation show the following information:   Given…

Q: UST Enterprise has 3 items in its current assets section of the balance sheet; cash, AR and…

A: The questions says that, There are 3 current assets i.e. Cash, accounts receivables and Inventory.…

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: A company has net income of $182,000, a profit margin of 9.90 percent, and an accounts receivable…

A: Days sales in receivables = Accounts receivable/credit sales *365

Q: Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 284,390…

A: Cash conversion cycle represent the number of days taken by the company to convert its goods into…

Q: The current assets of Trisikstin Enterprise consist of cash, accounts receivable and inventory. The…

A: Working capital = Current Asset - Current liabilities                P 11,20,000 = Current Asset -…

Q: The income statement of Collins Co. reported total sales revenue of $460,000 during the current…

A: Lets understand the basics. For calculating cash inflow from customer, we will need to use below…

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…

Q: The current assets of Teresita Enterprise consist of cash, accounts receivable, and inventory. The…

A: The inventory turnover ratio is calculated as cost of goods sold divided by average inventory.

Q: Based on the following financial statement information, what is the cash cycle? Interpret. Item…

A: cash coversion days =dso+dio-dpo=365× AVG ARSALES+365× AVG INVENTORYCOGS-365×AVG APSALES