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Question 5. Please provide answers to the four questions. Label them clearly. Both screenshots are the same. I just uploaded both so you could se
Question 5. Please provide answers to the four questions. Label them clearly. Both screenshots are the same. I just uploaded both so you could se the answer options.
Consider the case of the Loud Noise Recordings Corporation: Loud Noise Recordings Corporation has forecasted sales of $30,000,000 for next year and expects its cost of goods sold (COGS) to remain at 80% of sales. Currently, the firm holds $3,200,000 in inventories, $2,300,000 in accounts receivable, and $2,600,000 in accounts payable. Approximately how long does it take Loud Noise Recordings to convert its raw materials to its finished products and then to sell those goods? (Note: In a calculations, assume that there are 365 days in a year 43.80 days 51.10 days 38.94 days O 48.67 days On average, it takes from the time a sale is made until the time cash is collected from customers. 29.38 days 27.98 days 30.78 days Loud Noise Recordin d omer credit when it buys raw materials from its suppliers. On average, it takes 20.99 days after tme TTTm ses materials before it sends cash to its suppliers What is the length of Loud Noise Recordings s cash conversion cycle (CCC)? O 46.39 days 37.11 days 44.53 days 38.97 daysStep by Step Solution
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