Question
1. En-Gene Company has a payables deferral period of 27 days, a receivables collection period of 53 days, and an inventory conversion period of 42
1. En-Gene Company has a payables deferral period of 27 days, a receivables collection period of 53 days, and an inventory conversion period of 42 days. What is the average cash conversion cycle for the En-Gene company? calculate to 2 decimal.
2. In 2023 Super Mega Storm, Inc. has 4,041,820 in credit sales, 429,817 in average account receivable, 201,944 in average accounts payable, and 569,262 in average inventories. Cost of Goods Sold that year was 1,925,645. Use 365-days a year. Calculate days of sales outstanding in receivables. Calculate answer to two decimal places. 3. Cheeseburger and Taco Company purchases 7,471 boxes of cheeses each year. It costs $21 to place and ship each order and $7.51 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. Calculate the Economic Order Quantity. Round the answer to the whole number.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
1 Average Cash Conversion Cycle for EnGene Company The Cash Conversion Cycle CCC can be calculated u...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started