Solution-Computing the firm cash cycle

Computing the firm cash cycle

Assignment Help Finance Basics

Reference no: EM131209172

Suppose that LilyMac Photography has annual sales of $232,000, cost of goods sold of $167,000, average inventories of $4,700, average accounts receivable of $25,400, and an average accounts payable balance of $7,200.

Assuming that all of LilyMac's sales are on credit, what will be the firm's cash cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM131209172

Questions Cloud

What will the marginal propensity to consume be : Income is 90 and savings is 2. Then income increases to 100 and consumption is 97. What will the marginal propensity to consume be?

Write a simple sorting program : Binary Record Sorting in Ascending Order| You will write a simple sorting program. This program should be invoked as follows: shell% ./fastsort -i inputfile -o outputfile

What are the primary and secondary credit rates : What are the primary and secondary credit rates? When do they change? - How often does the Fed change the required reserve ratio?

How useful this theory is in explaining the lack of effort : Define each of the following major motivation and job satisfaction theories: need theories, individual differences, cognitive theories, situational theories, and job satisfaction.

Computing the firm cash cycle : Suppose that LilyMac Photography has annual sales of $232,000, cost of goods sold of $167,000, average inventories of $4,700, average accounts receivable of $25,400, and an average accounts payable balance of $7,200.

Decision covered interest arbitrage : Assess Tony's decision Covered Interest Arbitrage (CIA) opportunity. Should he undertake CIA?

Beginning of every month : Marcia plans on saving $100 at the beginning of every month for the next 20 years. If she can earn a 7% annual return (assume monthly compounding) , then how much will she have in her account at the end of 20 years?

Briefly describe the type of structure the organization has : Select an organization of your choice and examine the structure. Then, briefly describe the type of structure the organization has and explain how it is effective in accomplishing the organization's goals. Discuss the advantages and disadvantages ..

Inheritance in a mutual fund : Assume that he/she inherited $50 million in 1975 (exactly 40 years ago) and invested his inheritance in a mutual fund that tracks the S&P 500 index. If the S&P 500 index increased at an average annual rate of 14%, how much should he/she be worth t..

User Account

All Pages

Computing the firm cash cycle

Reference no: EM131209172

Reference no: EM131209172

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT