FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crown Corp. manufactures hard drives for laptop computers. It has $16.8 million of average inventory, $3.0 million of average trade receivables, $4.2 million of average

Crown Corp. manufactures hard drives for laptop computers. It has $16.8 million of average inventory, $3.0 million of average trade receivables, $4.2 million of average trade payables, an annual cost of sales of $26.5 million and annual sales of $42 million. What is the cash conversion cycle of this firm? Please round your final answer to the nearest integer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

The Legal Environment Today Summarized Case Edition

The Legal Environment Today Summarized Case Edition

Authors: Roger LeRoy Miller

8th Edition

130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768

More Books

Students also viewed these Finance questions

Question

For the month of July, the manufacturing Company "X" experienced the following: had zero units in beginning inventory of any kind started 1500 units of which...... good units completed and shipped...

Answered: 1 week ago

Question

Hi!!! Please see attached and answer using formulas on excel. Thank you. Problem 27-4 Quarterly working capital levels for your firm for the next year are included in the following table. What are...

Answered: 1 week ago

Question

I need help wirh questions 2-10 Question 2 1 pts Which of the following statements is correct? Financial managers need to balance shortage costs against carrying costs to find an optimal management...

Answered: 1 week ago

Question

★★★★★
Give the three ways to eliminate the balance in the overhead account at the end of the year.

Answered: 1 week ago

Question

★★★★★
Is a company ever too small to need to engage in human resource planning? Why or why not? Discuss whether you think Robert Reed planning his hiring strategy at an appropriate time in the firm's...

Answered: 1 week ago

Question

★★★★★
A one-fourth scale model of an airplane is to be tested in water. The airplane has a velocity of 700 km/h in air at 50C. The water temperature in the test section is 10C. In order to achieve...

Answered: 1 week ago

Question

★★★★★
describe the two basic forms of functional social support;

Answered: 1 week ago

Question

★★★★★
Listed are the equity sections of balance sheets for years 2011 and 2012 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders equity has risen from $2,000,000 to...

Answered: 1 week ago

Question

★★★★★
11.The following question illustrates the APT. Imagine that there are only two macroeconomic factors. Investments X,Y, and Z have the following sensitivities to these two factors: We assume that the...

Answered: 1 week ago

Question

★★★★★
my answers are incorrect. Chapter 10 Problems 2 Part 1 of 3 Required Information [The following information applies to the questions displayed below) Wanting to finalize a sale before year-end, on...

Answered: 1 week ago

Question

★★★★★
. Consider the power transmission-line tower shown in the accompanying figure. The members have a cross-sectional area of 10 in and a modulus of elasticity of E = 29 106 lb/in. Using ANSYS, determine...

Answered: 1 week ago

Question

★★★★★
When Inga finds out that she is to be terminated at 3:00pm, she runs back to her cash drawer at 2:30pm and takes $700 that she suspects that she'll need to live on because the hotel does not give...

Answered: 1 week ago

Question

★★★★★
A light at the bottom of a fish tank sends two beams upwards to the surface as shown. (Use n = 1.00; n water = 1.33.) Air 45 Water 30 Calculate the path of the rays after they strike the water-air...

Answered: 1 week ago

Question

★★★★★
In today's world, many organisations are expanding rapidly, and each day, systems perform countless transactions and generate large quantities of new data, some of which are as simple as adding new...

Answered: 1 week ago

Question

★★★★★
A student, a minor both in fact and appearance, bought on credit and took delivery of a telescope from a 30-year-old seller for an agreed price of $100. Upon reaching her majority soon thereafter,...

Answered: 1 week ago

Question

★★★★★
In this context, Danishefsky's diene (3) and the Rawal-Kozmin diene (4) are two electron-rich dienes that found widespread use in organic synthesis, and their structures are shown below. TMS:...

Answered: 1 week ago

Question

★★★★★
Smiths Family Fashions implemented a balanced scorecard performance measurement system several years ago. Smiths is a locally owned clothing retailer with fashions for men, women, teens, and...

Answered: 1 week ago

Question

★★★★★
How can strategic management within the HRM department ensure that HRM plays an effective role in the companys strategic management process?

Answered: 1 week ago

Question

★★★★★
An efficient financial market processes the information available to investors and incorporates it into the prices of securities. Market efficiency has two general implications. First, in any given...

Answered: 1 week ago

Question

★★★★★
Pick one of your universitys major sports teams (like football or basketball). How would you characterize that teams generic strategy? How does the composition of the team members (in terms of size,...

Answered: 1 week ago

Previous Question Next Question