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Dandee Lions, Inc. has a cash balance of $105,000, accounts payable of $220,000, inventory of $203,000, accounts receivable of $319,000, notes payable of $65,000, and
Dandee Lions, Inc. has a cash balance of $105,000, accounts payable of $220,000, inventory of $203,000, accounts receivable of $319,000, notes payable of $65,000, and accrued wages and taxes of $75,000. How much net working capital does the firm need to fund? Net working capital funding need :I Sow Tire, Inc. has sales of $1,450,000 and cost of goods sold of $980,000. The firm had a beginning inventory of $97,000 and an ending inventory of $82,000. What is the length of the days' sales in inventory? (Use 365 days a year. Use ending inventory rather than average inventory. Round your answer to 2 decimal places.) Days' sales in inventory ldays Assume a firm has a cash cycle of 67 days and an operating cycle of 104 days. What is its average payment period? Suppose that Ken-Z Art Gallery has annual sales of $870,000, cost of goods sold of $560,000, average inventories of $244,500, average accounts receivable of $265,000, and an average accounts payable balance of $79,000. Assuming that all of Ken-Z's sales are on credit, what will be the firm's cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Cash cycle days
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