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

Question

1 Approved Answer

The working capital cycle of a company is 30 days. The number of days it takes to pay back its payables is 40 . The

image text in transcribed

The working capital cycle of a company is 30 days. The number of days it takes to pay back its payables is 40 . The number of days it takes to collect its receivables is 39 . How many days does it take to turn its inventory into sales? A. 29 B. 10 C. 49 D. 31

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_2

Step: 3

blur-text-image_3

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

Working In Teams Moving From High Potential To High Performance

Working In Teams Moving From High Potential To High Performance

Authors: Brian A. Griffith ,Ethan B. Dunham

1st Edition

1452286302, 978-1452286303

More Books

Students also viewed these General Management questions

Question

★★★★★
Suppose the Japanese yen exchange rate is 82 5 $1, and the British pound exchange rate is 1 5 $1.47. a. What is the cross-rate in terms of yen per pound? b. Suppose the cross-rate is 124 5 1. Is...

Answered: 1 week ago

Question

★★★★★
Confirm that each of the reactions listed for plutonium breeding just following Example 32.4 conserves the total number of nucleons, the total charge, and electron family number. Data from Example...

Answered: 1 week ago

Question

★★★★★
1. 9. What are nonuse benefits? What is total economic value?

Answered: 1 week ago

Question

★★★★★
Suppose John's utility function is 4XY, where X is consumption of beer and Y is consumption of pizza. For this utility function, the marginal utility of X is given by MUx = 4Y; the marginal utility...

Answered: 1 week ago

Question

★★★★★
The working capital cycle of a company is 30 days. The number of days it takes to pay back its payables is 40 . The number of days it takes to collect its receivables is 39 . How many days does it...

Answered: 1 week ago

Question

★★★★★
Appraise the possible lapses in risk assessment and mitigation of FIVE (5) key risks based on one selected case of a national / international financial scandal of your choice

Answered: 1 week ago

Question

★★★★★
Suppose that a company buys about $81,000 worth of items from a vendor each year. If ordering cost is $25 per order and holding cost rate is 20%, how many dollars worth of items should be bought in...

Answered: 1 week ago

Question

★★★★★
A frictionless tube is bent into the shape of a semicircle with radius R. The semicircle is tilted so that its diameter makes a fixed angle with respect to the vertical. A small mass is released from...

Answered: 1 week ago

Question

★★★★★
You are mentoring trainee accountants. You asked them to write a number of statements about IAS 2. Which have they got correct? Select the correct options, and then click Submit. Upon the sale of...

Answered: 1 week ago

Question

★★★★★
Jack is planning for the audit of payroll at Cloud Payroll Services. A substantive approach is planned for this cycle. The main risks he has identified include occurrence and completeness of wages...

Answered: 1 week ago

Question

★★★★★
Arterial blood is drawn from your patient, and the following gas partial pressures are found: Oxygen (02) ? torr Argon (Ar) 7.00 torr Carbon dioxide (CO2) 40.0 torr Nitrogen (N2) 600. torr If the air...

Answered: 1 week ago

Previous Question Next Question