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Determine what is the average accounts receivable

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The following figures are extracted from the recent financial statements of a manufacturer called Technograph. The company produces custom-use monitors and has a large amount of working capital due to many purchases of electronic materials from suppliers, inventory of finished goods and work-in-process. However, due to recent hikes in loan rates the cost of financing has gone up and the management is not happy with the large amount of cash that is being tied up in the firm.

Management first wants to know how long cash is tied up in the operations, from the time it is spent on raw materials to the time it is recovered through sales.

All numbers are in thousands of dollars.

Starting inventory 10192

Ending inventory 1227

Starting Accounts Receivable 7946

Ending Accounts Receivable 6997

Starting Accounts Payable 4441

Ending Accounts Payable 5271

COGS 117237

Sales 139601

Question 1: What is the average Inventory?

Round your answers to the nearest integer. Enter your answer in thousands of dollars.

Question 2: What is the average Accounts Receivable?

Question 3: What is the average Accounts Payable?

Reference no: EM132604576

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