Question
Malloch industries has the following financial information. Assume there are 365 days in a year. Sales $100000 Cost of goods sold $85000 Accounts receivable
Malloch industries has the following financial information. Assume there are 365 days in a year. Sales $100000 Cost of goods sold $85000 Accounts receivable $35000 Inventory $15000 Accounts payable $35000 1. What is its inventory days? days (Please round to two decimal places) 2. What is its account receivable days? days (Please round to two decimal places) 3. What is its account payable days? days (Please round to two decimal places) 4. What is its cash conversion cycle? days (Please round to two decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate these financial metrics you can use the following formulas 1 Inventory Days ID ID ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Understanding Financial Accounting
Authors: Christopher D. Burnley
2nd Canadian Edition
1119406927, 978-1119406921
Students also viewed these Finance questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App