Question
This information about Long Cycle systems is given to you in the table below Q) Find the 2011 operating cycle and cash cycle value (where
This information about Long Cycle systems is given to you in the table below
Q) Find the 2011 operating cycle and cash cycle value (where the ? are shown), and what is the trend of the firms liquidity and use of working capital ?
| 2008 | 2009 | 2010 | 2011 | |
| Operating Cycle (Days) | 85 | 92 | 102 | ? |
| Cash Cycle (Days) | 45 | 50 | 57 | ? |
| Inventory Turnover (times) | x | x | x | 7.3 |
| Receivables turnover (times) | x | x | x | 5.84 |
| Payables turnover (times) | x | x | x | 10.0 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
