Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 27, 2024

ABC Corporation currently has an inventory turnover of 16, a payables turnover of 13.8, and a receivables turnover of 5.41. How many days are in

ABC Corporation currently has an inventory turnover of 16, a payables turnover of 13.8, and a receivables turnover of 5.41. How many days are in the operating 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

Derivatives And Internal Models

Authors: H. Deutsch

4th Edition

1349307661, 9781349307661

More Books

Students also viewed these Finance questions

Question

★★★★★

For each of the following equations, determine the transfer function X(s)/F(s) and compute the characteristic roots: a. 5x + 7x = 15 f(t) b. 3 x + 30 + 63x = 5f(t) c. x + 10 + 21x =4 (t) d. x+ 14 +...

Answered: 1 week ago

Question

★★★★★

explain the concepts of gearing, leverage and debt ratio

Answered: 1 week ago

Question

★★★★★

=+12.10. Of minor interest is the k-dimensional analogue of (12.4). Let I, be (0, 1] for 1 20 and (1, 0] for 1 0, and let A, = / ,, x . .. x/, . Let (x) be +1 or -1 according as the number of i, 1...

Answered: 1 week ago

Question

★★★★★

The accountant for Mystic Medical Co., a medical services consulting firm, mistakenly omitted adjusting entries for(a) Unearned revenue earned during the year ($21,950) and(b) Accrued wages ($6,100)....

Answered: 1 week ago

Question

★★★★★

Please keep answer in same format as above and please show all excel formulas for calculations You have been hired as a consultant for Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine...

Answered: 1 week ago

Question

★★★★★

The Unites States Supreme Court decision in US v. Arthur Young (1984) reaffirmed the auditors watchdog function when it said that auditors ultimate allegiance is to a corporations creditors and...

Answered: 1 week ago

Question

★★★★★

Yeti in 2020: Can Brand Name and Innovation Keep it Ahead of the Competition? Address the following issues in essay form: One page 1.Define the industry which is described in the case. (you might...

Answered: 1 week ago

Question

★★★★★

6. Please explain carefully different definitions of quality anomaly. Please explain data- snooping. How might you prove that quality is a true anomaly instead of a datamined result? 7. You are given...

Answered: 1 week ago

Question

★★★★★

When writing an email, a project manager reviews two large paragraphs in the email and removes any excess content. What email best practice are they using? 1 point Ask important questions. State what...

Answered: 1 week ago

Question

★★★★★

Sue reports her manager for harassment. It was determined that he did harass Sue. It is illegal to penalize someone for reporting harassment. Which of the following actions by the manager is...

Answered: 1 week ago

Question

★★★★★

Which of the following isnottrue concerning treasury stock? Select one: a. Holding treasury stock causes a company's number of shares issued and number of shares outstanding to be different. b....

Answered: 1 week ago

Question

★★★★★

Comprehend the trade-offs among the various approaches to designing jobs. page 184

Answered: 1 week ago

Question

★★★★★

Explain the recruiters role in the recruitment process, the limits the recruiter faces, and the opportunities available. page 227

Answered: 1 week ago

Question

★★★★★

Analyze an organizations structure and work-flow process, identifying the output, activities, and inputs in the production of a product or service. page 161

Answered: 1 week ago

Previous Question Next Question