1 Find Smith's days sales outstanding (DSO) Round to the nearest whole day 47 78 122 73 2 Calculate Smith's DPO Round to the nearest whole day 3 How long does Smith wait from the time an inventory order is received until payment is received Round intermediate steps and the final answer to the nearest whole day 115 122 127 None of the above 4 What is Smith's cash conversion period (CCP) Round intermediate steps and your final answer to the nearest whole day 5 After negotiating with its customers, Smith was able in decrease its DSO by six days What will be the resulting change in Smith's accounts receivable Round intermediate steps to the nearest whole day and your final answer to the nearest whole dollar 37 119 111 74 Use the following balance sheet and income statement for Smith Inc to answer the next 5 questions Liabilities and owners equity (Millions) Accounts Payable 900 Accrued operating expense 400 Notes Payable 3500 Long Term Debt 2000 Shareholders Equity 5300 Total 12100 Assets (Millions) Cash 4000 Inventory 600 Accounts Receivable 1500 Fixed assets 8000 Total 12100 Income Statement (Millions) Revenues 7000 COGS 4500 Operating Expenses 900 Depreciation 600 Interest 400 Taxes 500 Net Profit 100

Question

1  Find Smith's days sales outstanding (DSO)  Round to the nearest whole day  47 78 122 73 2  Calculate Smith's DPO  Round to the nearest whole day 3  How long does Smith wait from the time an inventory order is received until payment is received  Round intermediate steps and the final answer to the nearest whole day  115 122 127 None of the above  4  What is Smith's cash conversion period (CCP)  Round intermediate steps and your final answer to the nearest whole day 5 After negotiating with its customers, Smith was able in decrease its DSO by six days  What will be the resulting change in Smith's accounts receivable  Round intermediate steps to the nearest whole day and your final answer to the nearest whole dollar  37  119 111  74 Use the following balance sheet and income statement for Smith Inc  to answer the next 5 questions  Liabilities and owners equity (Millions) Accounts Payable 900 Accrued operating expense 400 Notes Payable 3500 Long Term Debt 2000 Shareholders Equity 5300 Total 12100 Assets (Millions) Cash 4000 Inventory 600 Accounts Receivable 1500 Fixed assets 8000 Total 12100 Income Statement (Millions) Revenues 7000 COGS 4500 Operating Expenses 900 Depreciation 600 Interest 400 Taxes 500 Net Profit 100

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Question

1. Find Smith's days sales outstanding (DSO). Round to the nearest whole day. 47 78 122 73 2. Calculate Smith's DPO. Round to the nearest

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