If a firm has a cash cycle of 73 days and an operating cycle of 127 days, what is its payables turnover?
Answer to relevant QuestionsIf a firm has a cash cycle of 54 days and an operating cycle of 77 days, what is its payables turnover? Suppose that LilyMac Photography has annual sales of $230,000, cost of goods sold of $165,000, average inventories of $4,500, average accounts receivable of $25,000, and an average accounts payable balance of $7,000. ...Veggie Burgers, Inc., would like to maintain their cash account at a minimum level of $245,000, but expect the standard deviation in net daily cash flows to be $12,000, the effective annual rate on marketable securities to ...A firm has estimated the following two month cash budget. What is the cash surplus or deficit for these two months? Suppose that Gyp Sum Industries currently has the following balance sheet, and that sales for the year just ended were $10 million. The firm also has a profit margin of 25 percent, a retention ratio of 30 percent, and ...
Post your question