1. En-Gene Company has a payables deferral period of 27 days, a receivables collection period of 53...
Question:
1. En-Gene Company has a payables deferral period of 27 days, a receivables collection period of 53 days, and an inventory conversion period of 42 days. What is the average cash conversion cycle for the En-Gene company? calculate to 2 decimal.
2. In 2023 Super Mega Storm, Inc. has 4,041,820 in credit sales, 429,817 in average account receivable, 201,944 in average accounts payable, and 569,262 in average inventories. Cost of Goods Sold that year was 1,925,645. Use 365-days a year. Calculate days of sales outstanding in receivables. Calculate answer to two decimal places. 3. Cheeseburger and Taco Company purchases 7,471 boxes of cheeses each year. It costs $21 to place and ship each order and $7.51 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. Calculate the Economic Order Quantity. Round the answer to the whole number.