1) Compute the Net Working Capital

2) Assume the inventory turnover of Bentley Cat Food is 10 , what is the Inventory Conversion Period

3) Bentley purchased $36,000 / month of product in 2015, what is the Days Payable outstanding

4) What is the Days Receivable period of Bentley?

5) Assuming that Bentley reduced their Receivables turnovr is 33.5, what is the receivables collection period?

6) Assume that Bentley purchases chicken for their cat food on credit terms of 3/15, net 30. What is the annural percentage rate of non-free trade credit if Bentley did not take the discount, but paid on the due date.

Practice Problems FIN 420 Treasury Management Assume that there are 360 days in a year for all computations Bentley Cat Food Company for period from 1/1/15 - 12/31/15 1) Bentley Cat Food Company As of 12/31/2015 Cash 15,000.00 Accounts Receivable 25,000.00 Inventory 7,000.00 Plant & Equipment 50,000.00 Revenue Cost of Good Sold 180,000.00 108,000.00 97,000.00 Operating Expenses Interest Expenses 50,000.00 3,000.00 Accounts Payable ST Note Payable 18,000.00 7,500.00 Net Income 19,000.00 Long Term Notes Payalbe 25,000.00 Common stock Retained Earnings 10,000.00 36,500.00 97,000.00