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

Question

1 Approved Answer

Metal Products Co. has an inventory period of 53 days, an accounts payable period of 68 days, and an accounts receivables turnover rate of 18.

Metal Products Co. has an inventory period of 53 days, an accounts payable period of 68 days, and an accounts receivables turnover rate of 18. What is the length of the cash cycle?

A. 3.00 days

B. 5.28 days

C. 26.28 days

D. 71.00 days

E. 73.28 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

Money Banking And Financial Markets

Money Banking And Financial Markets

Authors: Stephen G. Cecchetti

1st Edition

0072452692, 9780072452693

More Books

Students also viewed these Finance questions

Question

★★★★★
Link to the International Standards Organization www.iso.org and explore ISO 14000. What do these standards entail? How were they developed? How does a company attain ISO 14001 certification? Why...

Answered: 1 week ago

Question

★★★★★
Determine the overall sample size required so that a 95% confidence interval for the difference of two proportions (i.e., ????????????????) will have a margin of error of???????? = 0.03 when (a) ????...

Answered: 1 week ago

Question

★★★★★
You are a manager of a Wally's Training Gym and you encourage your trainers to enroll new members. Input is the trainer's last name and the number of new enrollees. Output is the number of trainers...

Answered: 1 week ago

Question

★★★★★
code this problem in C. DONT USE OLD ANSWERS AND ALL I FORMATION US INCLUDE IN THE PICTURE Instructions: Compile the C programs in one of the CELL (cell01 - cell06) servers and make sure it's...

Answered: 1 week ago

Question

★★★★★
You have assigned the following values to these three firms: \ table [ [ , Price, \ table [ [ Upcoming ] , [ Dividend ] ] , Growth,Beta ] , [ Estee Lauder,$ 4 7 . 4 0 , $ 0 . 6 0 , 1 1 . 7 % , 0 . 7...

Answered: 1 week ago

Question

★★★★★
Town of Bellington 1) In the background section, the case discusses the way that the new director uses to prepare a budget. What is your assessment of it? Are there any shortcomings? 2) The director...

Answered: 1 week ago

Question

★★★★★
Andretti Company has a single product called a Dak. The company normally produces and sells 88,000 Daks each year at a selling price of $56 per unit. The company's unit costs at this level of...

Answered: 1 week ago

Question

★★★★★
A Restaurant is experiencing long customer wait times and needs to increase capacity by 25% to satisfy the increased demand. Plenty of space and tables are available. Each waiter can handle 10...

Answered: 1 week ago

Question

★★★★★
There are several major obstacles that may prevent action from being taken to improve the effectiveness of OSHA. These obstacles include inadequate OSHA funding lack of government support for OSHA,...

Answered: 1 week ago

Question

★★★★★
A = Annual demand = 5 0 0 disk drives per year. N = Number of working days in a years at Applied Tech = 2 5 0 days per year H = Holding Cost per year for each disk drive = $ 1 0 / drive / year S =...

Answered: 1 week ago

Question

★★★★★
=+5. What advantages does a CSR filter give to a company? If you were CEO of a firm, how would you go about implementing the CSR filter

Answered: 1 week ago

Question

★★★★★
=+4. Why are lifestyle brands more susceptible to CSR than companies that seek to differentiate their products with a business-level strategy of low cost?

Answered: 1 week ago

Question

★★★★★
=+6. Would you ever consider boycotting a certain brand or store because of the parent companys actions or stance on a particular issue? Illustrate with an example.

Answered: 1 week ago

Previous Question Next Question