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Inventory conversion period

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Reference no: EM131460285

The Balance Sheet and Income Statement of Baker Dozen Inc. as of and for the twelve months ended December 31, 2015 shows the following information (in thousands):

Opening (Prior Period) and Ending balances

Accounts Receivable Opening $4,155, Ending. $4,650

Accounts Payable Opening $5,200, Ending $5,750

Inventory Opening $2,150, Ending 3,150

Sales on Credit (12months) $57,450

Cost of Goods Sold (COGS) (12 months) 45,100

QUESTION 1: Using this information, how many days were in the Inventory Conversion Period in 2015?

QUESTION 2: Utilizing the information in question 1 above for Baker Dozen Inc. in 2015 the number of days in receivable were _____?

QUESTION 3: Utilizing the information in questions 1 for Baker Dozen, what was the full cash conversion cycle for Baker Dozen in 2015? Hint: You will first need to calculate the Days Payables Outstanding.

Reference no: EM131460285

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