How many times per year are the firm inventory turnover

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Reference no: EM132934868

Question - Capers, Inc. has just promoted you to Chief financial officer. Since this is a new office in the company, you are understaffed and many of the responsibilities have been assigned to you.

-Inventory conversion period is 60 days

-Payables deferral period is 30 days

-Payables deferral period is 30 days

-The company needs $1,500,000 for a new project.

-The loan will cost 10% simple interest, for 4 months, with a 20% compensating balance.

Evaluate how many times per year are the firm's inventory turnover, if sales are $4,000,000 per year.

Reference no: EM132934868

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