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Parramore Corp has $ 1 5 million of sales, $ 3 million of inventories, $ 2 million of receivables, and $ 2 . 7 5
Parramore Corp has $ million of sales, $ million of inventories, $ million of receivables, and $ million of payables. Its cost of goods sold is of sales, and it finances working capital with bank loans at a rate. Assume days in year for your calculations.
What is Parramore's cash conversion cycle CCC Do not round intermediate calculations. Round your answer to two decimal places.
days
If Parramore could lower its inventories and receivables by each and increase its payables by all without affecting sales or cost of goods sold, what would be the new CCC Do not round intermediate calculations. Round your answer to two decimal places.
days
How much cash would be freed up if Parramore could lower its inventories and receivables by each and increase its payables by all without affecting sales or cost of goods sold? Write out your answer completely. For Example, million should be entered as Do not round intermediate calculations. Round your answer to the nearest dollar.
$
By how much would pretax profits change, if Parramore could lower its inventories and receivables by each and increase its payables by all without affecting sales or cost of goods sold? Write out your answer completely. For Example, million should be entered as Do not round intermediate calculations. Round your answer to the nearest dollar.
$
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