How many times per year does this company turn over, Ask an Expert

Finance

Given the following information about a fictional company for 2010, answer the problems that follow.

Annual Sales $7,158,233

Cost of Goods Sold $4,234,872

Payables Deferral Period 19 days

Average Collection Period 26 days

Inventory Conversion Period 42 days

A What is the length of this company's cash conversion cycle?

B How many times per year does this company turn over inventory?

C What is the firm's investment in accounts receivable, assuming that all sales are on credit?

D What is the firm's investment in inventory?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M952241

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