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Working Capital Cash Flow Cycle Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $200,000 (all on credit), and it earned a net profit of 4%. Its inventory turnover was 6.05875 times during the year, and its DSO was 43.5 days. Its annual cost of goods sold was $121,175. The firm had fixed assets totaling $41,000. Strickler's payables deferral period is 37 days. Assume 365 days in year for your calculations. Do not round intermediate calculations. Calculate Strickler's cash conversion cycle. Round your answer to two decimal places. days Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover. Round your answer to two decimal places. x Calculate its ROA. Round your answer to two decimal places. % Suppose Strickler's managers believe that the inventory turnover can be raised to 8 times without affecting sales and cost of goods sold. What would Strickler's cash conversion cycle have been if the inventory turnover had been 8 for the year? Round your answer to two decimal places. days What would Strickler's total assets turnover have been if the inventory turnover had been 8 for the year? Round your answer to two decimal places. x What would Strickler's ROA have been if the inventory turnover had been 8 for the year? Round your answer to two decimal places. %
On February 1, 2009 after the financial crisis that began in 2007, the S&P 500 index was at the level of 735.09. the lowest point for the year of 2009. The economy had slowly improved since then and on February 1, 2016 the S&P 500 index reached the l..
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Why are loan payments under the simple interest method usually lower than loan payments under the add-on interest method?
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When delta-hedging, which of the following does not affect a market maker’s profit?
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A pension fund manager decides to invest a total of at most $45 million in U.S. Treasury bonds paying 5% annual interest and in mutual funds paying 7% annual interest. He plans to invest at least ?$5 million in bonds and at least ?$10 million in mutu..
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Suppose a firm wants to raise $28 million dollars during the next year. Issue common stock directly to the public.
Cummings has EAT, depreciation expense, capital expenses, debt and debt principal payments of $9m, $2.8m, $1.3m, $40m and $1.5m respectively. Between the first and the second years, it has current assets of $11m and $13.4m and current debts of $5m an..
A firm decides to invest in a new technology, even though they will lose money on it for a few years. In the foreseeable future, however, gains they can make now is optimizing the technology will pay off as customer demand increases. This cas is an e..
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