Modern Suits Rental has been in business for four years. Because the company has recently had a
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Modern Suits Rental has been in business for four years. Because the company has recently had a cash flow problem, management wonders whether there is a problem with receivables or inventories. Here are selected figures from the company's financial statements:
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Compute the receivable turnover, inventory turnover, and payables turnover for each of the four years. And comment on the results relative to the cash flow problem that the firm has been experience. Merchandise inventory was $22,000, accounts receivables were $22,000, and accounts payable were $8,000 in 2007.
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Clearly Modern Suits Rental is carrying too much inventory for its level of business The inventory t...View the full answer
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Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
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