Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

ABC has 45 million of accounts receivable, 43 million of inventory and 61 million of accounts payable. Its average daily sales are 814,000 and its

ABC has 45 million of accounts receivable, 43 million of inventory and 61 million of accounts payable. Its average daily sales are 814,000 and its gross profit margin is 30 percent. What is the firm's cash conversion cycle?

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

Real Estate Finance Theory And Practice

Authors: Terrence M. Clauretie, G. Stacy Sirmans

5th Edition

0324305508, 9780324305500

More Books

Students also viewed these Finance questions

Question

★★★★★

The frequencies of traffic fatalities of nonoccupants of vehicles are shown in the following bar chart. Change this to a bar chart of relative frequencies. Nonoccupant Fatalities 50004432 4000 3000 2...

Answered: 1 week ago

Question

★★★★★

Optimum Fusing A sensitive instrument that can be modeled by the series RLC circuit shown in Figure P785 is to be protected by a fuse. The voltage across the capacitor is vCt e10tcos 103t 0:0971sin...

Answered: 1 week ago

Question

★★★★★

A facility produces items according to a Poisson process with rate . However, it has shelf space for only k items and so it shuts down production whenever k items are present. Customers arrive at the...

Answered: 1 week ago

Question

★★★★★

Dearborn Manufacturing, Co. completed the following transactions during 2014: Jan. 16 Declared a cash dividend on the 6%, $ 95 par noncumulative preferred stock (1,000 shares outstanding). Declared a...

Answered: 1 week ago

Question

★★★★★

Globalisation and International Investing The efficient markets hypothesis identifies three forms of market efficiency. (i) List and explain the main factors considered in international investing,...

Answered: 1 week ago

Question

★★★★★

Assume that today is December 31, 2019, and that the following information applies to Abner Airlines: After-tax operating income [EBIT(1 - T)] for 2020 is expected to be $450 million. The...

Answered: 1 week ago

Question

★★★★★

The balance sheet for Quinn Corporation is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $45,500 490,000 Equity $535,500...

Answered: 1 week ago

Question

★★★★★

ZARA, a Spanish fashion giant, has redefined fast fashion. Founded in 1 9 7 5 by Amancio Ortega, ZARA boasts over 2 , 0 0 0 stores in 9 6 countries, a testament to its rapid global expansion. Their...

Answered: 1 week ago

Question

★★★★★

Question 4 (10 points) Listen Base on the video "United Breaks Guitar" by Dave, answer the following questions: Look up on internet and describe what has impact on United Airlines after this song...

Answered: 1 week ago

Question

★★★★★

Analyze the external country market elements of China found in the case. List five solid bullets for each aspect: Political, Economic, Social, Technological

Answered: 1 week ago

Question

★★★★★

What are some elements of your identity that you feel are obvious to other people?

Answered: 1 week ago

Question

★★★★★

Mary Barra as a HR professional has been a very good CEO for GM because she understands the challenges of the 21st century to business operations. What are those challenges and how has she addressed...

Answered: 1 week ago

Question

★★★★★

Of the intrapersonal, interpersonal, and leadership skills, which one is your strongest? Your weakest?

Answered: 1 week ago

Question

★★★★★

Watch the video www.youtube.com/watch?v=5pdQZX Bjics on Mary Barra and see how she took over GM, a company with a problem past, and as CEO is fixing problems and has turned GM around to be profitable...

Answered: 1 week ago

Previous Question Next Question