Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information relates to RAM Corporation Accounts receivable S160,000 Total credit sales 52.500.000 Accounts payable 5220.000 What is RAM's receivables collection period (DSOY? In

image text in transcribed
image text in transcribed
The following information relates to RAM Corporation Accounts receivable S160,000 Total credit sales 52.500.000 Accounts payable 5220.000 What is RAM's receivables collection period (DSOY? In your computations, assume there are 360 days you 21.56 days 15.62 days 160.00 days 23.04 days 22.50 days The following information relates to Gear Corporation Inventory conversion period 68 2 days Receivables collection period 35.8 days Payables deferral period 23.6 days Which of the following is the cash conversion cycle of the company? 128.6 days 60.4 days 79.2 days 79.4 days 80.4 days

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

Financial Accounting

Authors: Belverd E Needles, Marian Powers

10th Edition

0547193289, 9780547193281

More Books

Students also viewed these Finance questions

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago