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Parramore Corp has $ 1 9 million of sales, $ 1 million of inventories, $ 2 million of receivables, and $ 1 million of payables.
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 an rate. Assume days in year for your calculations. Do not round intermediate steps.
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? Do not round intermediate calculations. Round your answer to the nearest cent. Write out your answer completely. For Example, million should be entered as
$
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? Do not round intermediate calculations. Round your answer to the nearest cent. Write out your answer completely. For Example, million should be entered as
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