Question
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
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 | ||
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Operations Management Sustainability And Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
13th Global Edition
1292295031, 978-1292295039
