Calculate the Cash Conversion Cycle (CCC) for each of the two companies in 2021 and 2022. Using
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
+ Accent Group Limited (2021) Accent Group Limited (2022) Ridley Corporation Limited (2021) Inventory Days = Inventory / Average Daily Cost of Goods Sold Accounts Receivable Days= Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) Inventory Days = Inventory / Average Daily Cost of Goods Sold Accounts Receivable Days = Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) Inventory Days = Inventory/Average Daily Cost of Goods Sold Accounts Receivable Days = Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) = 216881000 / 1164600 = 49032000/ 2713991.781 = 186.23 + 18.07 - 128.32 = 149446000 / 1164600 = 128.32 = 241631000/ 1383539.726 = 47303000/ 3088972.603 = 143148000/ 1383539.726 = 174.65 + 15.31 - 103.47 = 81947000/ 2325189.041 = 111316000/ 2541695.89 169752000/ 2325189.041 186.23 = 35.24 + 43.80- 73.01 = 18.07 = 75.98 = 174.65 = 15.31 = 103.47 = 86.49 = 35.24 = 43.80 = 73.01 = 6.03 186 Days 18 Days 128 Days 76 Days 175 Days 15 Days 103 Days 86 Days 35 Days 44 Days 73 Days 6 Days Ridley Corporation Limited (2022) Inventory Days = Inventory / Average Daily Cost of Goods Sold Accounts Receivable Days = Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) = 117131000/ 2601432.877 = 127889000/ 2874208.219 206626000 2601432.877 = 45.03 +44.50 - 79.43 = 45.03 = 44.50 = 79.43 = 10.1 45 Days 45 Days 79 Days 10 Days + Accent Group Limited (2021) Accent Group Limited (2022) Ridley Corporation Limited (2021) Inventory Days = Inventory / Average Daily Cost of Goods Sold Accounts Receivable Days= Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) Inventory Days = Inventory / Average Daily Cost of Goods Sold Accounts Receivable Days = Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) Inventory Days = Inventory/Average Daily Cost of Goods Sold Accounts Receivable Days = Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) = 216881000 / 1164600 = 49032000/ 2713991.781 = 186.23 + 18.07 - 128.32 = 149446000 / 1164600 = 128.32 = 241631000/ 1383539.726 = 47303000/ 3088972.603 = 143148000/ 1383539.726 = 174.65 + 15.31 - 103.47 = 81947000/ 2325189.041 = 111316000/ 2541695.89 169752000/ 2325189.041 186.23 = 35.24 + 43.80- 73.01 = 18.07 = 75.98 = 174.65 = 15.31 = 103.47 = 86.49 = 35.24 = 43.80 = 73.01 = 6.03 186 Days 18 Days 128 Days 76 Days 175 Days 15 Days 103 Days 86 Days 35 Days 44 Days 73 Days 6 Days Ridley Corporation Limited (2022) Inventory Days = Inventory / Average Daily Cost of Goods Sold Accounts Receivable Days = Accounts Receivable / Average Daily Sales Accounts Payable Days = Accounts Payable/ Average Daily Cost of Goods Sold Cash Conversion Cycle (CCC) = 117131000/ 2601432.877 = 127889000/ 2874208.219 206626000 2601432.877 = 45.03 +44.50 - 79.43 = 45.03 = 44.50 = 79.43 = 10.1 45 Days 45 Days 79 Days 10 Days
Expert Answer:
Related Book For
Posted Date:
Students also viewed these finance questions
-
Luxury Suites Hotels includes the following selected accounts in its general ledger at December 31, 2014: Prepare the liabilities section of Luxury Suites balance sheet at December 31,2014. 25,000...
-
Analyse the profitability of invested capital (assets) for each of the two companies in 2020 as compared to 2019. Based on your calculations, explain the main reason(s) for the change in the...
-
Choose any listed company of your choice. Make sure that the financial data (Balance Sheet and Income Statement) of that company is available on yahoo finance or through financial reports. For...
-
Lombard Ltd has been offered a contract for which there is available production capacity. The contract is for 20,000 identical items, manufactured by an intricate assembly operation, to be produced...
-
Financial StatementsPrivate University. The following is the pre-closing trial balance for Horton University as of June 30, 2011. Additional information related to net assets and the statement of...
-
Penben Corporation has a defined benefit pension plan. At 31 December, its pension obligation is 10 million and pension assets are 9 million. Under either IFRS or US GAAP, the reporting on the...
-
A U.S. Treasury bond pays a 7% coupon on January 7 and July 7. How much interest accrues per \($100\) of principal to the bond holder between July 7, 2013, and August 9, 2013? How would your answer...
-
The following information is available for Wenger Corporation for 2008. 1. Excess of tax depreciation over book depreciation, $40,000. This $40,000 difference will reverse equally over the years...
-
If Bob faces a 20% chance of losing $20 or an 80% chance of losing nothing. What is the expected loss and variance?
-
Which leadership concepts and models are most illustrative of how Steve Jobs led? Which leadership concepts and models are most illustrative of how Tim Cook leads now?
-
On December 31, 2020, Extreme Fitness has adjusted balances of $930,000 in Accounts Receivable and $81,000 in Allowance for Doubtful Accounts. On January 2, 2021, the company learns that certain...
-
This presentation should simulate an actual presentation that will be delivered to the managers. You must utilize the slide notes function in PowerPoint to add speaker notes to each slide; these...
-
How to response this message," The minimum education requirement to become a training and development manager is a bachelor's degree although a master's can be preferred for many positions (BLS.) The...
-
Temple City California Comprehensive Pan How does it Work? What purpose does it serve? What are the effects and second-order consequences? Describe the necessary primary stakeholders to have a...
-
The equation 0.45=|x-15.7| shows the specifications for the tolerance for fitting a cylinder for a V-8 engine. What is the largest diameter,, that the cylinder can measure to meet tolerance...
-
How is a recovery recorded in the financial statements? 8. What are the potential tax implications of a recovery? . How does a recovery affect the net income and profitability of a business?
-
26 In the diagram, JK is a country's production possibility curve. LK is its trading possibility curve which shows possible combinations of good X and good Y after specialising in the product in...
-
How does Kant answer Humes bundle theory of self? Do you think he is successful?
-
1. Explain how applying each of the above three myths can lead to bad decisions. 2. What changes should be made to cost allocations to avoid the bad decisions?
-
Describe the different stages that are involved with output/results controls.
-
A division is considering investing in capital equipment costing $2.7m. The useful economic life of the equipment is expected to be 50 years, with no resale value at the end of the period. The...
-
Cress Trust owns houses in Marion County, for whom Rainbow Realty Group, Inc., sells, rents, and manages. The same person serves as Rainbows president and Cresss corporate trustee. Cress offers four...
-
Genevieve and William Timmons began their tenancy of a ground-floor apartment at Cobblestone Square in September 2011. Kingsley-Johnston, Inc., is a property management company responsible for...
-
Linda Miller rented 35 acres of pastureland in Wabaunsee County, Kansas, from William Burnett for $1,000 per year. Miller and her husband used the land to grow and harvest brome grass for their...
Study smarter with the SolutionInn App