Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 15, 2024

A company buys and sells widgets on credit. The inventory conversion period is 31 days. The receivables conversion period is 23 days. The accounts payable

A company buys and sells widgets on credit. The inventory conversion period is 31 days. The receivables conversion period is 23 days. The accounts payable conversion period is 28 days. What is the cash conversion period?

23 days

26 days

54 days

82 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Recommended Textbook for

Accounting and Finance An Introduction

Authors: Peter Atrill, Eddie McLaney

8th edition

129208829X, 1292088297, 978-1292088297

More Books

Students also viewed these Accounting questions

Question

★★★★★

The actual cash received from cash sales was $6,973.60, and the amount indicated by the cash register total was $6,932.15. Journalize the entry to record the cash receipts and cash sales.

Answered: 1 week ago

Question

★★★★★

If V is the set of ordered pairs (x, y) of real numbers, show that it is a vector space if (x, y) + (x1, y1) = (x + x1, y + y1 + 1) and a(x, y) = (ax, ay + a - 1). What is the zero vector in V?

Answered: 1 week ago

Question

★★★★★

The lifetimes of As dog and cat are independent exponential random variables with respective rates d and c. One of them has just died. Find the expected additional lifetime of the other pet.

Answered: 1 week ago

Question

★★★★★

Relating market value to book value of shareholders' equity Firms prepare their balance sheets using authoritative guidance for the recognition and measurement of assets and liabilities. Accountants...

Answered: 1 week ago

Question

★★★★★

You own a bond that pays 80$ in annual interest, with a 1000$ par value. It matures in 20 years. Your required rate of return is 8%. a : Calculate the value of the bond. b : How does the value change...

Answered: 1 week ago

Question

★★★★★

CASE: My client, Bradley Harper, a university football coach, has been accused of making his players shoot steroids. A student newspaper reporter, Sheila O'Fay, hears a rumor that Harper has been...

Answered: 1 week ago

Question

★★★★★

the earnings after tax and dividends under each of the following two financing options based on the document: 1.bond financing: $20 million at 7 percent interest.

Answered: 1 week ago

Question

★★★★★

Pedagogically, there has been empirical evidence to support that there is lack of student's interest in enrollment in marketing analytics courses. Specifically, the biased perception of marketing as...

Answered: 1 week ago

Question

★★★★★

A typical wire coating die is shown schematically in the figure below. throughout the mold It is incompressible at steady state and is an isothermal flow. Rheological properties of the fluid, power...

Answered: 1 week ago

Question

★★★★★

What is the purpose of boring out the clearance hole for the bullet on the inside of the A2 flash hider

Answered: 1 week ago

Question

★★★★★

When you are old and grey and full of sleep, And nodding by the fire, take down this book, And slowly read, and dream of the soft look Your eyes had once, and of their shadows deep; How many loved...

Answered: 1 week ago

Question

★★★★★

Part A A weight suspended from a spring is seen to bob up and down over a distance of 14 cm twice each second. What is its frequency? Express your answer with the appropriate units. 0 = ? f = Value...

Answered: 1 week ago

Question

★★★★★

2. It is the results achieved that are important.

Answered: 1 week ago

Question

★★★★★

3. What is the difference between perception and assessment of a particular everyday situation? Give at least three examples.

Answered: 1 week ago

Question

★★★★★

7. One or other combination of 16.

Answered: 1 week ago

Previous Question Next Question