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kindly assist as soon as possible 5 6 2. A. John Global's annual credit sales are $16 million; the accounts receivable balance is $1.5 million;
kindly assist as soon as possible
5 6 2. A. John Global's annual credit sales are $16 million; the accounts receivable balance is $1.5 million; the cost of goods sold is $11.5 million; the inventory balance is $600,000, and the balance in accounts payable is $650,000. 11 12 i.. Compute John Global's operating cycle. [10 marks] 17 18 ii. Compute cash conversion cycle [ 7.5 marks] 23 24 (OR) 2 B. i). The most recent balance sheet of Alexis Inc. (in millions) is as follows: 8 35 57 100 Current asset Cash and marketable securities Accounts receivable Inventory Total Current liabilities Accrued wages and taxes Accounts payable Notes payable Total 6 31 28 65 6 marks a) Calculate Alexis ndls current ratio, and acid test quidk) ratio b) Benchmark ratios for current and acid-test (quick) ratios are band ano, respectively. What can you say about the liquidity of Alexis no's operations based on these two ratios? 5.8 marks) Paper Clip Office Supply had $21,000,000 in sales last year, es total asset turnover was so interest expense was $100,000 (5% on its $2.000.000 of debt). The company is financed entirely with debt and common equity. What is Paper Clips debt ratio [6 marksStep by Step Solution
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