FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Company has an inventory conversion period of 75 days, receivables collection period of 35 days and payables deferral period of 30 days. What is

ABC Company has an inventory conversion period of 75 days, receivables collection period of 35 days and payables deferral period of 30 days. What is their CCC? Would it be better or worse for cash management if the inventory conversion period went to 80 days?

a. 140 days, worse

b. 80 days, better

c. 80 days, worse

d. 140 days, better

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Statements A Step By Step Guide To Understanding And Creating Financial Reports

Financial Statements A Step By Step Guide To Understanding And Creating Financial Reports

Authors: Thomas Ittelson

1st Edition

1632652072, 978-1632652072

More Books

Students also viewed these Finance questions

Question

★★★★★
The common stock of Liberty Homes Inc. is currently selling at $88 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is...

Answered: 1 week ago

Question

★★★★★
The following conversions occur frequently in physics and are very useful. (a) Use I mi = 5280 ft and I h = 3600 s to convert 60 mph to units of ft/s. (b) The acceleration of a freely falling object...

Answered: 1 week ago

Question

★★★★★
11.26 The Cost of Lumber, continued The analysis of variance F test in Exercise 11.17 (and data set EX1117) determined that there was indeed a differ- ence in the average cost of lumber for the four...

Answered: 1 week ago

Question

★★★★★
Newspaper headlines frequently highlight instances where business professionals, politicians, and others are accused of engaging in unethical behavior. In response, there have been numerous attempts...

Answered: 1 week ago

Question

★★★★★
Billboard Skateboard Company manufactures skateboards. Several weeks ago, the firm received an inquiry from Mayers Sdn. Bhd. Mayers wants to market a skateboard similar to one of Billboard, and has...

Answered: 1 week ago

Question

★★★★★
7. In your own words, explain how the Central Limit Theorem effects a mean of a sampling distribution from a ditribution X. Citing both the expected value and standard deviation of this distribution....

Answered: 1 week ago

Question

★★★★★
ENTS 2015 99. The probability that a senior HS student in NJ is enrolled in an AP class is 0.32. Sarah randomly selects 6 seniors from NJ. Let X = number of seniors that are enrolled in AP classes....

Answered: 1 week ago

Question

★★★★★
Noguchi Company manufactures cooling systems. Noguchi produces all the parts necessary for its product except for one electronic component, which is purchased from two local suppliers: Manzer Inc....

Answered: 1 week ago

Question

★★★★★
Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution...

Answered: 1 week ago

Question

★★★★★
Kelly Corporation had these transactions during 2017 (2pts.). Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity....

Answered: 1 week ago

Question

★★★★★
Is technology indeed making processes such as damage assessment more comprehensive and safer for responders? Discuss.

Answered: 1 week ago

Question

★★★★★
1. If you were in Haywards position, how would you have handled the aftermath of the oil spill?

Answered: 1 week ago

Question

★★★★★
10. Does your organization maintain a committee charged with improving the working climate for all employees?

Answered: 1 week ago

Question

★★★★★
5. Do you receive a relatively equal number of opinions, feelings, and suggestions from all employees?

Answered: 1 week ago

Previous Question Next Question