Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

ABC Corp. currently has an inventory turnover of 9, a payables turnover of 6.64, and a receivables turnover of 8.34. How many days are in

ABC Corp. currently has an inventory turnover of 9, a payables turnover of 6.64, and a receivables turnover of 8.34. How many days are in the cash cycle?

Enter your answer rounded off to two decimal points.

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

Business Mathematics

Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen

11th Edition

0321500121, 9780321500120

More Books

Students also viewed these Finance questions

Question

★★★★★

Twin-Cities, Inc., purchased a building for $600,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a...

Answered: 1 week ago

Question

★★★★★

Increase in an asset due to puchase is: (a) Source of funds (b) Use of funds (c) None.

Answered: 1 week ago

Question

★★★★★

99. Let N be the number of trials until k consecutive successes have occurred, when each trial is independently a success with probability p. (a) What is P(N = k)? (b) Argue that

Answered: 1 week ago

Question

★★★★★

Using the following data from Moontrust Corporations financial statements, compute the receivables turnover and the days sales uncollected. (Round to one decimal place or to the nearest whole day.)...

Answered: 1 week ago

Question

★★★★★

As discussed in class, one of the criticisms against China is that it deliberately keeps its currency value low against the U.S. and other developed nations, and thus amasses a trade surplus and...

Answered: 1 week ago

Question

★★★★★

The Electret microphone AUM-5047L we will use can be modeled as a Norton current source, with DC current IMIC as shown below. We need to set up its DC operating point correctly, by an appropriate...

Answered: 1 week ago

Question

★★★★★

If you take out a 3 year, $75,000 car loan that calls for monthly payments at an APR of 9%, what is your monthly payment? Enter your response below (rounded to 2 decimal places).

Answered: 1 week ago

Question

★★★★★

Crane Company estimates that 2022 sales will be $32,000 in quarter 1, $38,400 in quarter 2, and $46,400 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise...

Answered: 1 week ago

Question

★★★★★

A company that is implementing Dynamics 365 is enrolled in the FastTrack program. The company wants to know at which point the Microsoft FastTrack Architect disengages. At which point does the...

Answered: 1 week ago

Question

★★★★★

Explain main takeaways from project management course in article. Explain highs and lows, your enthusiasm or anxiety about a career in project management, and any key concepts or growth you've...

Answered: 1 week ago

Question

★★★★★

Write tactics (use bullets) for how your client should use social media advertising, not limited to Facebook (consider Twitter and other social networks you're familiar with). You should be able to...

Answered: 1 week ago

Question

★★★★★

Define f ( x ) = ln x and g ( x ) = 3 + 2 x - x ^ 2 . A ) Plot f ( x ) and g ( x ) for 0 . 5 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Give a possible formula for the function shown in the figure below. 25 y 16 32 32 Round any calculated values to two decimal places. y = 25*5^b Q (40, 5) 48 Click if you would like to Show Work for...

Answered: 1 week ago

Question

★★★★★

Always show respect for the other person or persons.

Answered: 1 week ago

Question

★★★★★

Self-awareness is linked to the businesss results.

Answered: 1 week ago

Question

★★★★★

1. Too reflect on self-management

Answered: 1 week ago

Previous Question Next Question