How much cash will be freed up

Assignment Help Accounting Basics
Reference no: EM133008418

Question - Williams & Sons last year reported sales of $68 million, cost of goods sold (COGS) of $56 million, and an inventory turnover ratio of 4. The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 7 while maintaining the same level of sales and COGS, how much cash will be freed up? Do not round intermediate calculations. Enter your answer in dollars. For example, an answer of $1.23 million should be entered as 1,230,000,000. Round your answer to the nearest dollar.

Reference no: EM133008418

Questions Cloud

Analysis of the value of using annual hr operating plans : Provide an analysis of the value of using Annual HR Operating Plans to address organizational behavior or practices (e.g., organizational ethics models, or hiri
What is the effect on Boris Company : Boris Company has multiple business units. Unit A has the following information: sales revenue is $200,000; What is the effect on Boris Company
Calculate the net present value of the project for tesla : Tesla is planning to open first manufacturing. Calculate the net present value (NPV) of this project. Should the project be undertaken? Explain why or why not.
How might mmma leaders have avoided the situation : 1. How would you characterize MMMA's response to the allegations of sexual harassment?
How much cash will be freed up : Williams & Sons last year reported sales of $68 million, cost of goods sold (COGS) of $56 million, how much cash will be freed up
Explain how the automobile benefit works : Explain how the automobile benefit works? Explain by calculating a example of a person using a company car
How much money will abc corporation receive for the note : How much money will ABC Corporation receive for the note? ABC Corporation wishes to raise money by selling a 90-day promissory note
Is leadership an art or science : Is leadership an art or science? Make sure you support your answer with a scholarly source. Do not use the course textbook as a source.
Challenges and fiduciary responsibilities stark law : What challenges and fiduciary responsibilities one take on due to Stark Law?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd