Balance Sheet (in Millions of Dollars) Assets Liabilities and Stockholders Equity Cash $ 6.0 Accounts payable $10.0
Fantastic news! We've Found the answer you've been seeking!
Question:
Balance Sheet (in Millions of Dollars)
Assets Liabilities and Stockholders Equity
Cash $ 6.0 Accounts payable $10.0
Accounts receivable 14.0 Salaries, benefits, and payroll taxes payable 2.0
Inventories* 12.0 Other current liabilities 10.0
Fixed assets, net 40.0 Long-term debt 12.0$72.0
Stockholders equity 38.0$72.0
*The average inventory over the past two years also equals $12.0 million.
Income Statement (in Millions of Dollars)
Net sales $100.0
Cost of sales 60.0
Selling, general, and administrative expenses 20.0
Other expenses 15.0
Earnings after tax $ 5
- Determine the length of the inventory conversion period
- Determine the length of the receivables conversion period.
- Determine the length of the operating cycle.
- Determine the length of the payables deferral period.
- Determine the length of the cash conversion cycle.
- What is the meaning of the number you calculated in part e?
Posted Date: