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Question - Camp Manufacturing turns over its inventory eight times each year, has an average payment period of 35 days, and has an average collection period of 60 days. The firm's annual sales are $3.5 million. Assume there is no difference in the investment per dollar of sales in inventory, receivables, and payables and that there is a 365-day year.
1. Calculate the firm's operating cycle.
2. Calculate the firm's cash conversion cycle.
3. Calculate the firm's daily cash operating expenditure.
4. How much resources must be invested to support its cash conversion cycle?
5. If the firm pays 14% for these resources, by how much would it increase its annual profits by favorably changing its current cash conversion cycle by 20 days.
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Mercy Hospital operates an on-site laboratory. Total (direct and allocated) costs associated with the laboratory are estimated to be $500,000. Of the $500,000, Mercy estimates that $350,000 could be eliminated if the laboratory were closed. Which of ..
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