With the following information, fill in the bank given using the specified format. (For example: 40 days) Days of working capital is _______ Annual Sales Revenue $3,650,000 Accounts Payable 300,000 Accounts Receivable 400,000 Cash 35,000 Mortgage 95,000 Equipment 200,000 Short-term Loan 100,000 Goodwill 75,000 Inventory 500,000

Q: As an analyst for National Bank, it is your job to write recommendation to the bank loan committee.…

A: While disbursing loan to a company, points such as existing liabilities, business prospects with…

Q: For purposes of starting the working capital of Jay Trading on December 31, 2021, the following data…

A: Total current liabilities should Jay Trading present in its statement of financial position on…

Q: Alco Roofing Company's beginning accounts receivable were $200,000 and ending accounts receivable…

A: Equation is  opening receivables + credit sales - collections = ending receivables

Q: Lotus paper co wants to prepare its trial balance for the year ending March 2021: Account Account…

A: The trial balance is prepared using final balance from the ledger accounts.  The financial…

Q: Specter Company combines cash and cash equivalents on the balance sheet. Using the following…

A: Cash and Cash equivalents refers to the current assets of a entity which are highly liquid and can…

Q: 2. If HHC has $1,100 cash, $400 of government Treasury bills purchased four months ago, and $770 of…

A: Cash and Cash equivalents Cash and cash equivalents refer to those items that are either in the form…

Q: NewBank started its first day of operations with$155 million in capital. A total of $92 million…

A: Balance sheet: This sheet is shown the financial position of the business, it's given the complete…

Q: Bank A offers accounts that pay 5% compounded daily and Bank B offers accounts that pay 12%…

A: Particulars Bank A Bank B Deposit Amount 12000 12000 Rate of Interest 5% 12% Compounding…

Q: A bank's deposit is 5,844,014 and its net profit/income is 1,317,432 for a particular year. ROD is…

A: ROD is computed by dividing Net profit by the bank’s deposit.

Q: 2. If HHC has $1,900 cash, $500 of government Treasury bills purchased four months ago, $930 of cash…

A: Calculate the amount of "Cash and Cash Equivalents" to be reported by the company on its balance…

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: The First Bank of Fairfield Assets Liabilities Reserves $8,000 Deposits $30,000 Loans $22,000 If…

A: Bank is a financial institution which make a specified reserves on total deposits received from…

Q: Consider a bank with the following balance sheet Assets Liabilities $ 9 million Checkable deposits $…

A: Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: ndia Company reported the following accounts on December 31, 2020:   Cash on hand P 1,000,000…

A: Step 1 Restricted items or items which are not available for immediate use are excluded ad cash and…

Q: You are given this account for a bank: Assets Liabilities $5,000 Deposits Reserves $ 750 $4,250…

A: The percentage of total reservable liabilities that the bank is required to hold instead of lending…

Q: Nearby Bank has the following balance sheet (in millions):   Assets…

A: Difference between total market value of interest sensitive assets and liabilities is termed as…

Q: A debt of ₱75,000 was paid for as follows: ₱15,000 at the end of 18 months, ₱25000 at the end of 24…

A: Equation of value : It is a concept where a sum of money has different values at different times.…

Q: Assume a bank has the following balance sheet. Determine the 2-year GAP. Asset Amount Liability…

A: Calculation of 2-year Gap is shown below: Hence, GAP between risk sensitive assets and risk…

Q: b) The manager for Tyler Bank and Trust has the following assets to manage: Duration (in years)…

A: Duration Gap is the difference between the duration of assets and liabilities held by a financial…

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: The following figures relate to City Commercial Bank(In Millions Rials) Interest Income 250 Interest…

A: Return on assets is a profitability ratio, it says that how efficiently company management is…

Q: The following data relates to a bank, Tolland Union. The bank earned $3.530B of in interest revenue…

A: Net Interest Margin is Difference between Interest Income earned by Bank and Interest it pays to its…

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: Some data regarding the financial enterprise are as follows; - The company collects its sales 25% in…

A: A cash budget is an estimate of a company's cash flows for a given time span, such as weekly,…

Q: Suppose a company invests in a $50,000 United States Treasury bill at 3.35% interest for 28 days.…

A: Treasury bills: Treasury bills are issued by the government and sold by auctioning these bills…

Q: Specter Co. combines cash and cash equivalents on the balance sheet. Using the following…

A: Cash and cash equivalents refers to current assets which are most liquid as they are readily…

Q: Khan's had the following accounts at year end: Cash-250,000, Accounts Payable-70,000, Accounts…

A: Introduction: Current Assets: Currents assets are shown in Balance sheet. Assets which can be easily…

Q: COMPUTE FOR THE FOLLOWING ACCOUNTS: (THE BALANCE SHEET SHOULD BALANCE) (In Pesos) Annual Credit…

A: SOLUTION FORMULA - DEBTOR TURNOVER RATIO = NET CREDIT SALES / ACCOUNTS RECEIVABLE. AVERAGE…

Q: E6B. At year end, Paige Company had currency and coins in cash registers of $2,800, money orders…

A: Cash and cash equivalents means cash or assets that can be converted into cash immediately. Cash…

Q: The daily cash inflows of a company amount to $ 65,000.00. A recent analysis of their collections…

A: Collection of accounts in days means how much time in days it takes a company to collect the money…

Q: Information from the records of TEAM PAYAMAN Co. is shown below:                       Accounts…

A: The balance of trade receivable is arises from the credit sales to customer. In balance sheet the…

Q: Company Flora has the following items on its B/S: Money at bank ( no maturity) : USD 52,000 at 1%…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: For purposes of stating the working capital of Raul Trading on December 31, 2021, the following data…

A: Current Liabilities  Amount in P  Accounts Payable          6,50,000 Notes Payable (Due on May…

Q: Specter Co. combines cash and cash equivalents on the balance sheet. Using the following…

A: The cash and cash equivalents are the balances which can be converted into cash within 3 months.

Q: The following data relates to a bank, Tolland Union. The bank earned $3.530B of in interest revenue…

A: ROE shows net income of the firm in terms of equity. It express how the firm used equity funds…

Q: Some data regarding the financial enterprise are as follows; - The company collects its sales 25% in…

A: From the above info we will prepare Cash Budget May to August as…

Q: current assets should be presented on the statement of financial position

A: Current assets are assets that can be recovered within one accounting year.

Q: Lor's Company has the following items: cash in a checking account, $4,000; cash in a savings…

A: Cash and cash equivalents = Cash in checking account + Cash in saving account + government security…

Q: As loan analyst for Wildhorse Bank, you have been presented the following information. Toulouse Co.…

A: In this numerical has covered the concept of Accounting Ratios. Current ratio:-  Current Ratio is a…

Q: Bank Alfatih earned an annual profit amounting to USD1,500,000 through a Mudharaba Mutlaqah deposit…

A: Total share of depositors from annual profit can be find out by multiplying the profit sharing…

Q: Using the following information: a. Beginning cash balance on March 1, $81,000. b. Cash receipts…

A:

Q: The following data relates to a bank, Tolland Union. The bank earned $3.530B of in interest revenue…

A: ROA is the ratio which shows income generates by using total assets of the firm. It express how…

Q: Oldhat Financial starts its first day of operations with$11 million in capital. A total of $120…

A: Balance sheet of a bank is a statement where bank records their assets and liabilities, loans made…

Q: A principal of 10,000 is invested at one of the following banks: a) at 4.75% interest, compounded…

A: Compound interest is a process where interest is credited to the existing principal and interest…

Q: alance sheet of the Summer bank Assets Liabilities   Cash                                 $…

A: The question is based on the operation of banks and its calculation for excess reserve. The banks…

Q: The Malibu Corporation has annual credit sales of $28 million. The average collection period is 30…

A: Day sales in receivables= 365/receivables turnover 30 =365/ receivables turnover receivables…

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.