Average balance in accounts payable and accounts receivable

Assignment Help Financial Management

Reference no: EM132050191

Calvani, Inc., has a cash cycle of 41 days, an operating cycle of 58 days, and an inventory period of 24.5 days. The company reported cost of goods sold in the amount of $352,000, and credit sales were $575,000.

What is the company’s average balance in accounts payable and accounts receivable? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Average accounts payable $

Average accounts receivable $

Reference no: EM132050191

Questions Cloud

What is the meaning of company price-earnings ratio : Why do analysts make the normalized earnings calculation? What is the meaning of a company's price/earnings ratio?

What is the main goal in decision analyses : What is the main goal in decision analyses. Be specific and complete using terminology from the course.

Differences between cyclic and seasonal patterns of data : Describe in your own words the differences between cyclic and seasonal patterns of data.

Effective annual interest rate on line of credit : Ignoring the commitment fee, what is the effective annual interest rate on this line of credit?

Average balance in accounts payable and accounts receivable : What is the company’s average balance in accounts payable and accounts receivable?

According to the sustainable growth model : Grow Now's contribution to retained earnings next year will be __________ according to the sustainable growth model.?

Effective annual interest rate on the lending arrangement : What is your effective annual interest rate on the lending arrangement if you borrow $49 million immediately and repay it in one year?

Effective annual interest rate on lending arrangement : What is the effective annual interest rate on this lending arrangement?

Offering the retirement contract : Assume you are 25 years old. The IAW insurance company is offering you the following retirement contract (called an annuity):

User Account

All Pages