Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Yarwin Inc. is actively working to minimize its working capital and has calculated that for the most recent fiscal period, its days of sales outstanding

Yarwin Inc. is actively working to minimize its working capital and has calculated that for the most recent fiscal period, its days of sales outstanding is 29.76 days, days of sales in inventory is 31.09 days, and days of payables outstanding is 22.65 days. What is the company's cash conversion cycle in days? Round to two decimal places (Ex. 0.00).

Over the last year, Cajood Corp. reported net sales of $25,813, accounts receivable of $2,951, inventory of $1,749, and accounts payable of $1,328. The company's cost of goods sold has remained constant at 60% of sales for the last several years and is expected to remain so in the forseeable future. Based on these values, what is the company's days of sales in inventory (DSI)? Round to two decimal places (Ex. 0.00).

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

Step: 3

blur-text-image

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

Personal Finance An Integrated Approach

Authors: Bernard J. Winger

4th Edition

0198520972, 9780132696302

More Books

Students also viewed these Finance questions

Question

What do you know of my (the interviewers) research program?

Answered: 1 week ago

Question

Does the duty to accommodate apply in this case?

Answered: 1 week ago