What will be the firm operating cycle

Assignment Help Financial Management
Reference no: EM131346875

Suppose that Tucker Industries has annual sales of $5.30 million, cost of goods sold of $2.81 million, average inventories of $1,140,000, and average accounts receivable of $530,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)

Reference no: EM131346875

Questions Cloud

How many hours must she jog each night for three weeks : How much birdseed would a 70.0 kg person have to eat in a day to consume proportionally as much birdseed as does a 0.0120 kg sedentary canary per day?
Explain how important it is for students to do their best : Get to know your students. Learn the student's names, hobbies, and what can they do in order to have a successful year. Set goals. Explain how important it is for students to do their best.
What is their collection float : MC Enterprises estimates that it takes, on average, 15 days for their customers' payments to reach them, 1 day for the payments to be processed and deposited by their bookkeeping department, and 4 more days for the check to clear once they're deposit..
What is jims total energy expenditure : Assuming his excess weight is all body fat, how many days before his first wrestling practice must he start the program?
What will be the firm operating cycle : Suppose that Tucker Industries has annual sales of $5.30 million, cost of goods sold of $2.81 million, average inventories of $1,140,000, and average accounts receivable of $530,000. Assuming that all of Tucker's sales are on credit, what will be the..
Why this ban which caused u.s. corn exports to fall : As a result, Japan and some other nations banned U.S. imports. Use a graph to illustrate why this ban, which caused U.S. corn exports to fall 4%, resulted in the price of corn falling 11.1% in the United States in 2001-2002.
Price of put option be to preclude profitable opportunities : KD Industries stock is currently trading at $32 per share. Consider a put option on KD stock with a strike price of $30. The maximum value of this put option is ________. Suppose you are looking to exploit opportunities in the options markets. The pr..
What is the optimum placement of seating for students : What is the optimum placement of seating for students to see the screen, board, or teacher should be decided as well as how many students in the classroom need some type of preferential seating to meet special learning needs.
How many days must he swim to reach his goal : If his daily caloric intake and energy output are equal before he begins swimming and he does not change his caloric input, how many days must he swim to reach his goal?

Reviews

Write a Review

Financial Management Questions & Answers

  Business of internet service to evaluate this new venture

The Moore, Inc. is a residential and commercial internet service provider. Now it is considering expanding into a new line of business: 3-D printer. Currently, Moore has an effective tax rate of 40% and equity to debt ratio is 1.5. What would happen ..

  What is the companys cost of equity capital

The Graber Corporation’s common stock has a beta of 1.2. If the risk-free rate is 4.3 percent and the expected return on the market is 13 percent, what is the company’s cost of equity capital?

  Investor stocks expected return exceeds

If in the opinion of a given investor a stock's expected return exceeds its required return, this suggests that the investor thinks

  Defined contribution pension plans

Compare and contrast investment objectives and constraints for defined benefit and defined contribution pension plans

  Corporate social responsibility and financial performance

The question is: Is there any trade off between corporate social responsibility and financial performance.

  Assess risk and evaluate the internal control system

Last week you discussed the questions you would ask a CFO of a company before beginning an audit engagement. Think about this same conversation, but this week I want you to identify three specific questions you would as him/her which would help you t..

  About the make or buy decisions

Pick an article (or more) from the literature that tells about a particular company’s outsourcing decision. There are many such articles. Explain why the company decided to outsource the activity. If reasons are not given in the article, prepare a li..

  Level of dividend every year for the time being

The Clark Group pays an annual dividend of $5.80 per share. The economy is tough but Clark promises to continue maintaining this level of dividend every year for the time being. How much are you willing to pay for one share of this stock is you want ..

  Compute the weighted average cost of capital of the firm

A firm has a capital structure with $100 million in equity and $100 million of debt. The cost of equity capital is 14% and the pretax cost of debt is 8%. If the marginal tax rate of the firm is 30%, compute the weighted average cost of capital of the..

  What is the stock price after the recap

Lee Manufacturing's value of operations is equal to $960.00 million after a recapitalization (the firm had no debt before the recap). Lee raised $244.00 million in new debt and used this to buy back stock. Lee had no short-term investments before or ..

  What is the firms cost of capital if its current tax rate

A firm’s stockholders expect a 15% rate of return, and there is $12M in common stock and retained earnings. The firm has $5M in loans at an average rate of 7%. The firm has raised $8M by selling bonds at an average rate of 6%. What is the firm’s cost..

  What would likely effect be of reducing property tax rate

In 2015 the property tax rate for the city was 2.0858%, while the median for the state was 1.89%. What is the likely effect on property values in the city? What would the likely effect be of reducing the property tax rate in the city to 1.3%?

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