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Please help me to answer this number 6 question in my chapter 12 assignment, thank you. [Activity ratios] Tae following financial intormation is tor. Ambroise
Please help me to answer this number 6 question in my chapter 12 assignment, thank you.
[Activity ratios] Tae following financial intormation is tor. Ambroise Industries Irc.i Hombreise is a distributor of auto parts eperating in eastern Ontario that offers 30 -day terms and has all sales on credit. The company has a large inventery due to the number of parts it stecks for different makes and medels of cars. Mast of its suppliers affer terms of Wodays, and Ambroise tries to stay an gacd terms with its suppliers by paying on time What is the werage time it takes imaroise to coliect its accounts recervatle? \{Round answer to 1 decimal place, e.g. 18 . 4. Raund intermediote calculations to 2 decimal places.l Average colction perion dars eTextbook and Media What is the awerage length sf time that it takes Armbraisu to sell threugh its irwentary? (Round answer to 1 decimal place, e.g18.4. Round intermediate calculations to 2 decimal places.l Days to sellimentary day's eTextbook and Media What is the awerape length of time that it takes Ambraise to pay its payables? (Round answer to 1 tecimal piace, e.n. 28.4. Round intermediate calculations to 2 decimal places.) eTextbook and Media The cash-to-cash cycle is the length of time from when a compary purchases an item of inventory to when it collects cash from its sale, reduced by the daps it takes to pay llee related accounts payable. How long is Ambruises cast-to-cosh cycle? [Round answer to 1 decimal plece, e.g. 18.4.J Assume thet Ambroise fnances its inwentory with a workine capital ioan irom the bank. If Ambroise could improve its iaventory management system and recuce the days to sell inwentory to an average of 45 days. how much lower weuld the company's bank laan be? (Round answer to 0 decimel piaces, e.g. 45.482.)Step by Step Solution
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