Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: The Saliford Corporation has an inventory conversion period of sixty (60) days, a receivables collection period of 36 days, & a payables deferral period of 24 days.

[A] find out the length of the firm’s cash conversion cycle?

[B] If Saliford’s yearly sales are $3,960,000 and all sales are on credit, determine the average balance in accounts receivables? [Suggestion: The accounts receivable balance should equal the average age of the receivables, which is the collection period times the daily sales.]

[C] What would happen to Saliford’s cash conversion cycle if, on average, the length of time that products remain in inventory is shortened to forty-five (45) days?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M920424
  • Price:- $15

Guranteed 24 Hours Delivery, In Price:- $15

Have any Question? 


Related Questions in Basic Finance

Explain the difference between path-dependent options and

Explain the difference between path-dependent options and path-independent options and give examples of each ? Give an example of a situation in which someone might wish to use a barrier option ? Explain the advantages a ...

Suppose the risk-free interest rate is 59nbspapr with

Suppose the risk-free interest rate is 5.9% APR with monthly compounding. If a $1.7 million MRI machine can be leased for 5 years for $23,500 per month, what residual value must the lessor recover to break even in a perf ...

1 what are special allocations2 what causes the after-tax

1. What are special allocations? 2. What causes the after-tax IRR (ATIRRe) for the general partner to differ from that of the limited partner? 3. What is the significance of capital accounts? What causes the balance in a ...

As diversification is desirable a financial institution

"As diversification is desirable, a financial institution should never specialize in making specific types of loans." Is this statement true, false, or uncertain? Explain your answer Use APA format for any quotations or ...

Focus on analysis yum brands inclearning objective 4

Focus on Analysis | Yum! Brands, Inc. (Learning Objective 4: Analyze f inancial statements) Refer to the Yum! Brands, Inc.'s financial statements in Appendix B at the end of the book. Suppose you are an investor consider ...

You are group treasurer of sun and sand plc a uk package

You are Group Treasurer of Sun and Sand plc, a UK package tour operator offering holidays in many parts of the world but specializing in Morocco, Spain and the United States. Sun and Sand is one of the major operators in ...

1 oil and gas companies must disclose quantity estimates

1. Oil and gas companies must disclose quantity estimates for proved oil and gas reserves and the major factors causing changes in these resource estimates. Briefly indicate why this disclosure can be significant. 2. For ...

Bethesda mining company reports the following balance sheet

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity ...

Assignment exploring the sec 10-kwe are going to explore

Assignment: Exploring the SEC 10-K We are going to explore our company's SEC-10K. For most, if not all classmates, this will be the first time you have ever seen or read this type of report. Note: the SEC 10-K is an audi ...

Sorenson inc has sales of 5119000 a gross profit margin of

Sorenson Inc. has sales of $5,119,000, a gross profit margin of 32.18 percent, and inventory of $1,017,000. What are the company's inventory turnover ratio and days' sales in inventory?

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen