How many times per year does zocco turn over its inventory

Assignment Help Finance Basics

Reference no: EM13622440

Zocco Corporation has an inventory conversion period of 61 days, an average collection period of 36 days, and a payables deferral period of 28 days. Assume 365 days in year for your calculations.

1. What is the length of the cash conversion cycle? Round your answer to two decimal places.

2. If Zocco's annual sales are $3,050,115 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent.

3. How many times per year does Zocco turn over its inventory? Assume that cost of goods sold is 75% of sales. Round your answer to two decimal places.

Reference no: EM13622440

Questions Cloud

If the mean monthly sales due to online purchases has not : a market researcher at a major clothing company that has traditionally relied on catalog mail-order sales decides to

Hardin-gehr corporation hgc began operations 5 years ago as : hardin-gehr corporation hgc began operations 5 years ago as a small firm serving customers in the detroit area. however

Find the magnetic field strength in gauss for a current of : find the magnetic field strength in gauss for a current of 3.7 a in the helmholtz coils with 145 turn assuming a coil

An electron is accelerated through an electric potential of : an electron is accelerated through an electric potential of 146 v then enters a 37 gauss magnetic field in a direction

How many times per year does zocco turn over its inventory : zocco corporation has an inventory conversion period of 61 days an average collection period of 36 days and a payables

A restaurant owner claims the percentage of his customer : a restaurant owner claims the percentage of his customer distribution is monday 10 tuesday 12 wednesday 10 thursday 15

A magnet is at the end of the dial-o-gram balance arm the : a magnet is at the end of the dial-o-gram balance arm. the arm has an aluminum plate in the magnetic gap. what is the

Suppose that you arrive at a single-teller office to find : suppose that you arrive at a single-teller office to find three customers waiting in line and one being served. if the

If the company could get the funds from a bank at a rate of : lamar lumber buys 8 million of materials net of discounts on terms of 35 net 40 and it currently pays after 5 days and

User Account

All Pages