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Christie Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Christie's 2011 sales (all on credit) were $150,000; its cost of goods sold is 80% of sales; and its earned a net profit of 6%, or $9,000. It turned over its inventory 6 times during the year, and its DOS was 36.5 days. The firm had fixed assets totaling $35,000. Chirstie's payables deferral period is 40 days.a. Calculate Christie's cash conversion cycle.b. Assuming Christie holds negligible amounts of cash and marketable securities, calculate its total asset turnover and ROA.c. Suppose Christie's managers believe that the inventory turnover can be raised to 9.0 times. What would Christie's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9.0 for 2011? Show all calculations
The exercise price on one of ORNE Corporation's call options is $35 and the price of the underlying stock is $34. The option will expire in 55 days. The option is currently selling for $0.25.
The firm is subject to a 40% tax rate. Calculate the initial investment associated with the proposed purchase of a new grading machine.
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Find correct answer on weighted average cost of capital for Campbell Co. is trying to estimate its weighted average cost of capital (WACC)
In business the need of loan is always there. You need to purchase land, machinery, construction of the work shed. This type of expenditure requires long term finance.
The new machine will be depreciated using the simplified straight-line method over its 5 year useful life, resulting in expected to increase by $10000 at the inception of the project, but this amount will be recaptured at the end of year five. Wha..
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