Data on shin inc for last year are shown below along with, Ask an Expert

Finance

Data on Shin Inc for last year are shown below, along with the inventory conversion period (ICP) of the firms against which it benchmarks. The firm's new CFO believes that the company could reduce its inventory enough to reduce its ICP to the benchmarks' average. If this were done, by how much would inventories decline? Use a 365-day year. Cost of goods sold = $71,000 Inventory = $20,000 Inventory Conversion Period (ICP) = 102.82 Benchmark Inventory Conversion Period (ICP) = 38.00.

View complete question

Financial Management, Finance

Category:- Financial Management
Reference No.:- M92752047

Have any Question?Write your Review or question?

Related Questions in Financial Management

Topics to choose frombullfailure of the Topics to choose from • Failure of the

Topics to choose from • Failure of the Originate-to-Distribute Model and the Financial Crisis of 2007-8 • Monoline Insurers and the Subprime Financial Crisis and Problems with Rating Agencies • The Liquidity Crisis and t ...

Assignment for pogo managing government finances -the

Assignment for POGO Managing Government Finances - The assignment questions are drawn from topics that may ask you to integrate the topics covered across the entire course - or certainly link different topics together in ...

International finance assignment- assignment informationthe

International Finance Assignment- Assignment Information The Economist publishes the Big Mac Index on a regular basis to provide an idea of the difference in purchasing power among different countries. In Australia CommS ...

Answer each question in 75 words a piece use references if

Answer EACH question in 75 words A PIECE. Use references, if needed and cite. 1. Embark on a virtual field trip. Researching online, explore different career fields that interest you. Share with your classmates which car ...

Assignment1 read the assigned case hbs case tesla motors

Assignment 1. Read the assigned case: HBS Case Tesla motors (in 2015): Tesla Motors, Inc. 2. Develop a one-page memo (500 words maximum, excluding the title, reference pages and appendices.) to answer these questions: 1. ...

Chapter 61complete internet exercises 123 on page 217 of

Chapter 6 1. Complete Internet Exercises 1,2,3 on page 217 of the textbook. Discuss your responses. Chapter 8 2. Question 20, textbook page 279 and also provide an example and discuss in your own words. 3. Assume that th ...

The investment logic for sustainabilitywatch the investment

The Investment Logic for Sustainability Watch the Investment Logic for Sustainability video. Then perform a few internet searches on terms such as the following: Sustainable funds Socially responsible investing ESG Envir ...

Part iplease explain your opinion in about 150 words for

PART I Please explain your opinion in about 150 words for each question below: Would you go to "battle" without a contingency plan? Can you decide on your leaving point without forming your BATNA first? Would you "Share/ ...

Corporate finance amp financial management assignment -task

CORPORATE FINANCE & FINANCIAL MANAGEMENT ASSIGNMENT - TASK - Question 1 - Y Ltd Shares have a beta of 1.6 and an expected return of 21.0%. Shares in Z Ltd have a beta of 1.03 and an expected return of 13.5%. If the risk- ...

Discuss the following questions professional or trade

Discuss the following Questions : Professional or trade organizations can provide ethical guidelines for business or professionals within their selected organization. Research a professional or trade organization. Provid ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Financial Management Expert