Zane Corporation has an inventory conversion period of 48 days, an average collection period of 33 days, and a payables deferral period of 33 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. If Zane's annual sales are $4,137,145 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.

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: The following projected 2022 figures were provided to you by the Marikit Company for analysis : (80%…

A: Average collection period shows the number of days required to collect the account receivable.…

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: 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: 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: 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: 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 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: 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: ntonio is an analyst at Barrilla Group. The firm turns over its inventory 5 times each year. It has…

A: Cash conversion cycle tells that how much period is required to collect money from customer and…

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

A: Cash conversion cycle helps in measuring how long a company will be deprived of cash if in order to…

Q: A firm has an average age of inventory of 100 days, an average collection period of 40 days, and an…

A: The cash conversion cycle is calculated by adding the average age inventory, average collection…

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: 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: f the days inventory is 50, days receivable is 17 and days payable is 25 and assuming 365 days in a…

A: Cash conversion cycle can be calculated by using this equation Cash conversion cycle(CCC) =Average…

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: TMRW Co. has annual credit sales of $1,080,000 and an average collection period of 32 days in 2010.…

A: 1.  TMRW Co.-   Average accounts receivable balance =  (Annual Credit Sales / 360 days) x Average…

Q: Bulldogs Inc. has a normal operating cycle of 32 days and cash conversion cycle of 25 days. Which of…

A: Formula -  Cash operating cycle =  The no. Of inventory days  + Receivable days - payable Days

Q: If ABC Corporation has annual credit sales of Ᵽ990,000 and its average accounts receivable is…

A: The Numerical has covered the concept of Accounting Ratio.  The Formula is used to calculate the…

Q: Knight Roundtable Co. had annual credit sales of $1,080,000 and an average collection period of 32…

A: Accounts receivables are the short term assets to the company. When customer buys goods on credit…

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: CCC Corp. has annual turnovers of inventory, receivables, and payables of 12, 18, 8 respectively.…

A: Difference in cash conversion cycle = cash conversion cycle of CCC Corporation - Cash conversion…

Q: You have recently been hired to improve the performance of MJ Cor., which has beeH shortage. As one…

A: The cash conversion cycle has three main components and the relationships are Cash conversion…

Q: Company’s average age of accounts receivable is 40 days, while the average age of accounts payable…

A: Introduction:- The following formula used to calculate the length of its cash conversion cycle as…

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: 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: Watts Industries' carries 87 days in Inventory, and collects its Accounts Receivable in 75 days. If…

A: The cash conversion cycle is the number of days required for the cash invested in inventory to be…

Q: Lupo, Inc., has an average collection period of 52 days. Its average daily investment in receivables…

A: a) Given,  Average collection period = 52 days Average collection period = 365/ Receivables turnover…

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: 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: 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: 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: Polycryo, Inc.'s receivable turnover is eight times, the inventory turnover is four times, and the…

A: Cash conversion cycle is the total time which is taken to covert raw material into amount of cash.…

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: tiplex Corporation, which has been experiencing a severe cash tage. As one part of your analysis,…

A: Cash conversion cycle: It is shows that how much time taken by an Organization to convert the…

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…

Q: Use the information below to compute the number of days in the cash conversion cycle for Apple ($…

A: Given: The data is given as below, ccounts payable, end of year $49,049 Inventory, end of year . $…

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.