Question: Can you show how they got this answer 14. The inventory turnover for the Sneeky Company is 8 times and its days sales outstanding is

Can you show how they got this answer

14. The inventory turnover for the Sneeky Company is 8 times and its days sales outstanding is 55. What is the operating cycle for Sneeky given a 365-day year. A. 63. B. 6.86. C. 100.625. D. 46.98

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!

Complete Form 941 for the 4th quarter for TCLH Industries (which is located at 202 Whitmore Avenue, Durham, NC 27701; Employer Identification #44-4444444). Assume that all necessary deposits were...

Please help answer just part f. (in red) for this problem. I will be re-working it before I submit, but I need full guidance to better learn the concepts and how you got to them through Excel....

I need, I am working on GENERAL ELECTRIC AND UNITED TECHNOLOGIES CORP, I need help GE and UTC Financial Statements Forecast for the next 5 year using the attachment. Throughout this course you will...

Complete the following problems from Chapter 12 in Financial Management: Theory and Practice : Chapter 12: Topics: Additional Funds Needed, Forecasted Statements and Ratios, Financing Deficits...

1. What is the measure of the ability to meet short-term obligations ? Group of answer choices average daily sales profit margin debt ratio current ratio 2. Do you want this measure higher or lower?...

how do you calcutate the debt managment ratios and the market value ratios? how do you calculate the common size balance sheets and the percent change invone statements? F HI A D E 7 8 Assets 2019...

Loker Com onen wing Juary purchases and SW PRODUCE Date Activities Beginning Units sold at Retail Units Acquired at Cost 235 units@ $16.89 = $ 3,760 Jan. Inventory 185 units @ $25.00 188 units@...

QUESTION: Excel Calculations Required: Find an appropriate weighted average cost of capital (WACC) to use to discount Precision Castparts (PCC) free cash flows. Use comparable company information...

Excel Calculations Required: Find an appropriate weighted average cost of capital (WACC) to use to discount Precision Castparts (PCC) free cash flows. Use comparable company information given in the...

Please provide the formulas required to satisfy each empty yellow box not just the answers, Thank You ! CM D 11 fx A B D E F 1 Student Due by 2 Chapter: 7 3 Problem: 15 4 5 Joshua & White...

I only need this answered from starting from line 117 COMMON STOCK down Thanks . Your boss has come to you for advice on the current finances of the company and needs you to create an extended DuPont...

4) Complete the blanks in the chart below. Use the space below the chart to work your calculations. b) Present Value 15,000 7,500 36,500 Years 15 9 20 Interest Rate 6% 8% 12% Future Value 200,000...

Determine whether all the strings in each of these sets are recognized by the deterministic finite-state automaton in Figure 1. a) {0}* b) {0} {0}* c) {1} {0}* d) {01}* e) {0}*{1}* f) {1} {0, 1}*

Select all that apply Growth hormone: decreases cellular use of fats. is released by the posterior pituitary gland. stimulates cell division. is released by the anterior pituitary gland. enhances...

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

In groups of two or three, select two job advertisements from a national newspaper and produce a short comparative report on how the advertisements meet Armstrongs three criteria.

Describe the major labormanagement interactions: organizing, contract negotiations, and contract administration. page 594

Identify the four levels of global participation and the HRM issues faced within each level. page 642