What is the firm cash conversion cycle

Assignment Help Finance Basics
Reference no: EM133110855

A company has an average inventory level of $2,886,000, an average trade receivables level of $1,512,000, and an average trade payables level of $761,000. If the annual costs of goods sold are $8,204,000 and the annual sales are $11,337,000, what is the firm's cash conversion cycle (in days, round to nearest integer)?

Reference no: EM133110855

Questions Cloud

Calculate the npv break-even level of sales : Gemstones Inc. is considering a new production line. The expected economic life of the project is 8 years. The project will generate sales and incur costs annua
What is the monthly margin of safety in dollars : Margin of Safety - Yellow Sticker Company's variable expenses are 40% of sales. What is the monthly margin of safety in dollars
Company image within community : You have just been given $35k to help build the company's image within the community.
How should georgetown ltd recognise this purchase : Using historical cost as a measurement base, how should Georgetown Ltd recognise this purchase of land in its financial statements
What is the firm cash conversion cycle : A company has an average inventory level of $2,886,000, an average trade receivables level of $1,512,000, and an average trade payables level of $761,000.
Several small business management concepts : During this semester, you were exposed to several small business management concepts
ACS130 Introduction to Systems Engineering and Software : ACS130 Introduction to Systems Engineering and Software C Programming Assignment Help and Solution, The University of Sheffield - Assessment Writing Service
Protection against the decline in the value : How can put options be used to provide you protection against the decline in the value of your holding shares over the next four months?
At what amount should the company''s inventory be reported : The market value of this inventory is currently $19 per unit. At what amount should the company's inventory be reported on the balance sheet

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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