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Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2013 sales (all on credit) were $176,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.02 times during the year. Its receivables balance at the end of the year was $13,128.54 and its payables balance at the end of the year was $7,400.76. Using this information calculate the firm's cash conversion cycle. Round your answer to the nearest whole. Round the days amounts in your intermediate calculations to the nearest whole day. Do not round other intermediate calculations.
Indigo Ink Supply paid a dividend of $4.5 last year on its common stock. It is expected that this dividend will grow at a rate of 8% for the next five years. After that, the company will settle into a slower growth pattern and plans to pay dividends ..
What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
Margo would like a different surgeon with an outstanding professional reputation to perform the operation.
A Japanese firm issued and sold a pound denominated bond in the United Kingdom.
Construct a graph of this utility function (recall your excel?). Is this person risk averse, risk neutral, or a risk seeker?
Which of the following is a disadvantage of funding a designated Roth account?
An engineering company in Virginia that owns 250 acres of valuable land has decided to lease the mineral rights to a mining company. The primary objective is to obtain long term income to finance ongoing projects 5 and 15 years from the present time.
Stock Y has a beta of 1.45 and an expected return of 16.3 percent. Stock Z has a beta of 0.9 and an expected return of 12.6 percent. If the risk-free rate is 5.4 percent and the market risk premium is 7.9 percent, are these stocks correctly priced?
Several years ago you purchased Mechheads LTD bonds. A recent price quote on the bonds is 93.50. The bonds have 5 1/2 years left to maturity and a coupon rate of 5 3/8%. The yield to maturity at this price is closest to: Show all steps in financial c..
Company X has a $ 100 million, 2 year, % fixed rate semi-annual pay debt. Payments are actual count over a 360-day year. The company expects interest rates to fall and would prefer to have a floating rate debt. Company Y has a $100 million, two year,..
In terms of the following three empirical tendencies, discuss how they are related to the concept of duraiton or sensitivity of the value of a security (or portfolio) to a change in market yields, and to the need that certain investors might have for..
The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be done on this account.
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