Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Suppose that Tucker Industries has annual sales of $5.80 million, cost of goods sold of $2.86 million, average inventories of $1,165,000, and average accounts receivable of $580,000. 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.)

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M93136745
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Basic Finance

You are a junior analyst and you have been asked to

You are a junior analyst and you have been asked to forecast sales for lululemon for 2012. At the end of 2011, lululemon operated 147 corporate stores in North America (42 in Canada and 105 in the US). Lululemon plans to ...

What would be a potential investment strategy that would

What would be a potential investment strategy that would basically take advantage of the fact that we are currently in the longest bull market in a while and also that index investing has become really popular. (how does ...

Think about childrens education in the us describe two

Think about children's education in the U.S. Describe two factors that are currently hindering the intellectual development of children in this country. Explain why each of these factors impacts intellectual development

Banking and finance research project -this project will

Banking and Finance Research Project - This project will further your understanding of how financial markets function. The assignment consists of two parts. Part A of the assignment focuses on the financial instruments o ...

Question1 considering the follow premerger information

Question: 1. Considering the follow premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding. Firm B Firm T Shares outstanding  5,400   1,300    Pric ...

Skyline corp will invest 270000 in a project that will not

Skyline Corp. will invest $270,000 in a project that will not begin to produce returns until the end of the 3rd year. From the end of the 3rd year until the end of the 12th year (10 periods), the annual cash flow will be ...

Red sun rising just paid a dividend of 237 per share the

Red Sun Rising just paid a dividend of $2.37 per share. The company said that it will increase the dividend by 25 percent and 20 over the next two years, respectively. After that, the company is expected to increase its ...

2 part questionpart 1 what do you think is the item that

2 part question: Part 1: What do you think is the item that accounts for the most cost in any hospital's budget? Can you outline ways to keep this cost under control? Part 2: Do think it is more difficult for a manager t ...

Abc company writes 39 checks a day for an average amount of

ABC Company writes 39 checks a day for an average amount of $1438 each. These checks generally clear the bank in 3 days. In addition, the firm generally receives an average of $5636 a day in checks that are deposited imm ...

The company metallica heavy metal mining needs to diversify

The Company Metallica Heavy Metal Mining needs to diversify its operations. Some recent monetary information shown here: Stock price--------------------$ 74  Number of shares-------------30,000  Total assets ------------ ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As