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Fill all the blanks Use the finsncia stalemerts supplied here for the International Motor Caporation (IMC) to arswer the folowing questions: a. Calculate the cesh
Fill all the blanks
Use the finsncia stalemerts supplied here for the International Motor Caporation (IMC) to arswer the folowing questions: a. Calculate the cesh coriaersion cyde for IMC for both 2018 and 2019. What charge his occurred. if any? Al eise being equal, how does this change allect IMC's regd for cesh? b. IMC's suppiers offer terms of nel 30 . Does a appeer thal IMC is doing a good job of managirg ls acxounts payable? (Hint use a 365-day yaar.) a. Celculate the cesh coriergion cycle for INC for both 2018 and 2019, What chenge hes cocurned, If any? Al eise being equal, how doec this change atlect Ilic's reed for cesh? The cah comvarsian cycke (CcC) tor 2018 is days. (Round to ane dadmal plane.) The cash comarsian cycla (CCC for 2019 is days. (Round to ona dedmal place.) (Choase fram the drap-down menus.) What change has oocurred in the cash conversicn cycle, if any? A Al else being equal, how does this change aflect Iticis need for cash? b. IMC's supplers effer terms of net 30. Doss t appeer that IleC is doing a gocd job of manegirg is eccounts peyeble? Chocse the beat response belewi ] A. Thn fim is paying tao early; it could be earning intornat on ta mancy. B. The firm shauld be paying atter 30 days, if there is no penalty, tn take advantage of additianal cash on hand. C. The limm should be paying within 10 eageStep by Step Solution
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