Question: Everdeen, INC has a 100 day operating cycle. If it's average age of inventory is 35 days. How long is its average collection period? If

Everdeen, INC has a 100 day operating cycle. If it's average age of inventory is 35 days.

How long is its average collection period?

If its average payment period is 30 days what is its cash conversion cycle?

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!

Q:

7. Everdeen, Inc., has a 100 day operating cycle. If its average age of inventory is 47 days, how long is its average collection period? If its average payment period is 22 days, what is its cash...

Q:

If a firm has an average age of inventory of 60 days, an average collection period of 35 days and an average payment period of 25 days, calculate the companys operating cycle. If a firm has an...

Q:

answer q uestions 1, 2, 3 Choose the letter of the correct answer. Write your answers with solutions on the extra sheets provided at the end part of the module. 1. A firm has an average age of...

Q:

ASSIGNMENT DIRECTION & t REQUIREMENT/S. Consider the Gum Company. Gum sells packs of gum for $0.50 each. It costs $0.20 per pack to manufacture and distribute the gum. Gum has fixed operating costs...

Q:

A firm has an average age of inventory of 20 days, an average collection period of 30 days and an average payment period of 60 days. D. What is the firm's cash conversion cycle In days? A firm has an...

Q:

In its 2012 annual report, Whirlpool Corporation reported that it had reve- nues of $18.1 billion, cost of goods sold of $15.2 billion, accounts receivable of 2.0 billion, and inventory of $2.4...

Q:

Pride Ltd is a company that operates in a variety of sectors but started out in the food industry. They made their entry into the market in 1994 via a fast-food restaurant which has been a major...

Q:

Fall 2014 A firm has an average age of inventory of 90 days, an average collection period of 30 days. and an average payment period of 40 days. The firm's operating cycle is days. A) 110 B) 130 C)...

Q:

Fall 2014 A firm has an average age of inventory of 90 days, an average collection period of 30 days. and an average payment period of 40 days. The firm's operating cycle is _days. A) 110 B) 130 C)...

Q:

GEMENT Question 5 [17] Fine Fashions is a fashion-wear retailer for men, women and children. The business has annual sales of R9 million and its cost of goods sold is 70% of sales. Purchases...

Q:

In Figure 2.6, if a = 3 m, A = 20 and B= 120, determine lengths b, c and angle C.

Q:

For the following topics, indicate the types of sample(s) you would use in collecting survey data and in conducting interviews. a. How can your school save money to limit tuition increases? b. How...

Q:

The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant...

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...