Answer the following questions regarding Herman Miller.

How long is the operating cycle for MLHR for the most recent year-ending financial information? (See Ratio Page below)

How long is the cash cycle for MLHR for the most recent year-ending financial information? (See Ratio Page)

Is the length of the operating cycle a) strength or b) weakness for MLHR compared to the industry? Why? - Answer Succinctly

If MHLR's cash cycle increases significantly it would need to:

a) issue more equity in the form of common stock.

b) issue more corporate bonds

c) increase notes payable

d)decrease the amount of credit issues to costumers

e)increase payments to trade creditos

RATIO ANALYSIS				RMA
				Industry
		5/30/2015		Comparison
LIQUIDITY
Current		1.3		2.1
Quick		0.9		0.9
ASSET MANAGEMENT
Inventory Turnover		10.4		6.2
(COGS / Inventory)
Total Asset Turnover		1.8		2.3
DSO (AR Period)		32.3		51
(365/AR Turnover)
Inventory Period		35.0		59
(365/Inventory Turnover)
Days in AP (AP Period)		44.5		37
(365/[COGS/AP])
Cash Cycle		22.8		73