Sales outstanding on its cash conversion cycle

Assignment Help Financial Management

Reference no: EM131948498

Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2015 sales (all on credit) were $103,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.72 times during the year. Its receivables balance at the end of the year was $13,185.72 and its payables balance at the end of the year was $7,413.89. Using this information calculate the firm's cash conversion cycle. Round your answer to the nearest whole. Round the days amounts in your intermediate calculations to the nearest whole day. Do not round other intermediate calculations. --- days.

Reference no: EM131948498

Questions Cloud

What is percentage change in price for zero coupon bond : What is the percentage change in price for a zero coupon Bond if the yield changes from 7% to 5% the bond has a face value of $1,000

What is sustainable growth rate : What is the sustainable growth rate? The next coupon is doing one year what is the coupon rate of the bond?

Celebrities raise money by issuing bonds to investors : With celebrity bonds, celebrities raise money by issuing bonds to investors.

Sales outstanding on its cash conversion cycle : Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle.

Compute the present value of perpetuity : Compute the present value of a perpetuity that pays $791.13 annually, with the first cash flow occurring today,

Find the present value and the compound discount : Find the present value and the compound discount of

Discuss the driving and restraining forces : Discuss the driving (positive) and restraining (negative) forces related to a specific organization in an industry for one of the following:

Financials and click on income statement : Scroll all the way down to “Financials” and click on “Income Statement.” Write a one-paragraph summary of how the company is doing.

User Account

All Pages