Question: 3 Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year, it has an average collection period of 37

3 Multiple changes in cash conversion cycle Garrett Industries turns over its 3

Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year, it has an average collection period of 37 days and an average payment period of 28 days. The firm's annual sales are $3.0 million. Calculate the firm's operating cycle and its cash conversion cycle. Assume a 365-day year. Garrett's operating cycle, OC, is days. (Round to the nearest whole number.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

= Homework: Homework 7 Question 1, P15-3 (similar to) Part 1 of 8 HW Score: 0%, 0 of 30 points O Points: 0 of 3 Save Multiple changes in cash conversion cycle Garrett Industries turns over its...

Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year; it has an average collection period of 41 days and an average payment period of 31 days. The...

Qes. 1 Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year; it has an average collection period of 44 days and an average payment period of 26...

Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year, it has an average collection period of 38 days and an average payment period of 25 days. The...

Please show work and round to two decimal places. Thank you ! Right click to open image to make larger. Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times...

please answer a-d Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year; it has an average collection period of 39 days and an average payment period...

Multiple changes in cash conversion cycle - Garrett Industries turns over its inventory 5 times each year' it has an average collection period of 40 days and an average payment period of 25 days. The...

Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year; it has an average collection period of 45 days and an average payment period of 28 days. The...

In Figure 18.3 where the CCP is used, suppose that an extra transaction between A and C which is worth 140 to A is cleared bilaterally. What effect does this have on the tables in Figure 18.3?

Suppose the researcher now estimates the following ADL(2, 2) model by adding the second lag of the central bank's rate of interest (rt-2): 1.11-2-1.09-1-1.07rt-2, R = 0.625, SER= 12.01. (1.07) (1.03)...

Which of the following statements regarding the amortized loans is correct? Amortizing the loan involves paying equal amounts each period, which covers both interest and principal. When a loan is...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

9. Are there consequences for colleagues who engage in demeaning or prejudicial behavior toward others?

13. Develop a detailed action plan to achieve this vision, and make commitments for particular actions necessary to bring your vision to fruition.

1. Do others see you acting comfortable around colleagues with nontraditional demographics (i.e., age, education, ethnicity, gender, race)?