Timberline inc. has sales of 642000 and average accounts, Ask an Expert

Finance

problem: Timberline Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65 percent of sales. Determine how long does it take Timberline to pay its suppliers?

[A] 20.69 days

[B] 26.18 days

[C] 31.85 days

[D] 11.46 days

[E] 13.45 days

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M919518

Have any Question?Write your Review or question?

Related Questions in Basic Finance

1 financing provided in sequences of rounds rather than all

1. Financing provided in sequences of rounds rather than all at one time is known as? a. crowdfunding b. venture debt financing c. staged financing d. the capitalization rate 2. Calculate the after-tax WACC based on the ...

Gracchus inc stock is selling for 4181 a share based on a

Gracchus, Inc. stock is selling for $41.81 a share based on a 8.2 percent rate of return. What is the amount of the next annual dividend if the dividends are increasing by 3.8 percent annually?

A firm has sales of 613000 with costs of 521000 interest

A firm has sales of $613,000 with costs of $521,000. Interest expense is $26,000 and taxes is $16,500. What is the net income?

Corporate fund started the year with a net asset value of

Corporate Fund started the year with a net asset value of $15.90. By year-end, its NAV equaled $13.80. The fund paid year-end distributions of income and capital gains of $3.30. What was the rate of return to an investor ...

When figuring the benefit-cost ratio i know that i take the

When figuring the benefit-cost ratio, I know that I take the present value of cash inflows/ present value of cash outflows. Year 0 = (46,500) cash flow Year 1 = 12,200 cash flow Year 2 = 38,400 cash flow Year 3 = 11,300 ...

Jones inc currently pays no dividends choosing instead to

Jones Inc currently pays no dividends, choosing instead to re-invest all earnings in the firm. However, the firm anticipates that beginning in year 7, they will run out of profitable investments and begin paying a divide ...

In 1980 the dow jones industrial average stood at 891 in

In 1980 the Dow Jones Industrial Average stood at 891. In the year 2017, the Dow Jones was 22,387. What was the annual return over this period?

Question - what is weighted average cost of capital how is

Question - What is weighted average cost of capital, how is it used, and when is it not appropriate to use? A substantial initial response consisting of a minimum of 100 words, using proper grammar, spelling, and punctua ...

Friendlys shoe store has earnings before interest and taxes

Friendly's Shoe Store has earnings before interest and taxes of $20290 and net income of $10000. The tax rate is 34 percent. What is the times interest earned ratio? Round your answer to the nearest hundredth.

Financial statement analysis for comcastprepare an eight-

Financial Statement Analysis for Comcast Prepare an eight- to ten-page fundamental financial analysis (excluding appendices, title page, abstract, and references page) that will cover each of the following broad areas ba ...

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 Basic Finance Expert