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

Question

1 Approved Answer

Franklin Incorporated, has an inventory turnover of 19.5 times, a payables turnover of 11.5 times, and a receivables turnover of 10.1 times. What is the

image text in transcribed

Franklin Incorporated, has an inventory turnover of 19.5 times, a payables turnover of 11.5 times, and a receivables turnover of 10.1 times. What is the company's cash cycle? Assume 365 days per year. 26.42 days 23.12 days 43.70 days 14.32 days 49.16 days

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

Islamic FinanceA Practical Perspective

Islamic FinanceA Practical Perspective

Authors: Nafis Alam, Lokesh Gupta, Bala Shanmugam

1st Edition

3319665588, 9783319665580

More Books

Students also viewed these Finance questions

Question

★★★★★
Determine the deposit that must be made to earn $39.27 in 225 days at 2.75%.

Answered: 1 week ago

Question

★★★★★
A flower shop wishes to add the valuable Waimea orchid to its product list. They purchase a large shipment of bulbs from a supplier in Kauai. It is established by Mendelian theory that the...

Answered: 1 week ago

Question

★★★★★
Assume your private equity firm has successfully invested two funds and you are looking to expand. What is your firms growth strategy and what are the potential pitfalls?

Answered: 1 week ago

Question

★★★★★
A self-employed person deposits $3,000 annually in a retirement account (called a Keogh account) that earns 8 percent. a. How much will be in the account when the individual retires at the age of 65...

Answered: 1 week ago

Question

★★★★★
Franklin Incorporated, has an inventory turnover of 19.5 times, a payables turnover of 11.5 times, and a receivables turnover of 10.1 times. What is the company's cash cycle? Assume 365 days per...

Answered: 1 week ago

Question

★★★★★
Describe the difference between "Embedding" and "Referencing" data. What works best with an e-commerce site? Unless you are working with a very large dataset, embedding would be the safe choice. If...

Answered: 1 week ago

Question

★★★★★
Ershad is an 18-year-old boy who has just finished his SPM. Not wanting to waste time and to earn some money while waiting to enter college, Ershad went round the neighborhood looking for a part time...

Answered: 1 week ago

Question

★★★★★
What are your Initial thoughts on leadership - what does leadership look like - what does it mean to you? Who embodies good leadership? Who embodies bad leadership? Why?"

Answered: 1 week ago

Question

★★★★★
What is the output of this program DCL-F MOVIESPF Workstn; EXFMT RECORD1; DOW NOT(*IN03); amount = adults + children; WRITE RECORD1; EXFMT RECORD2; IF NOT(*IN03); adult = 0; children = 0; EXFMT...

Answered: 1 week ago

Question

★★★★★
"That is good news!" Samantha exclaimed. "I finished graduate school last year, and I haven't had so much reading and computer work to do; it's been a lot easier on my eyes. Could that help explain...

Answered: 1 week ago

Question

★★★★★
Do you believe that design decisions for innovative and green building designs are primarily influenced by codes, by stand, by guidelines, or by unfettered imagination? Explain

Answered: 1 week ago

Previous Question Next Question