Question: Hi....need help with calculations using cell formulas. D31 Problem 26-4 The Greek Connection had sales of $32 million in 2009, and a cost of goods

Hi....need help with calculations using cell formulas.

Hi....need help with calculations using cell formulas. D31 Problem 26-4 The GreekConnection had sales of $32 million in 2009, and a cost of

D31 Problem 26-4 The Greek Connection had sales of $32 million in 2009, and a cost of goods sold of $20 million A simplified balance sheet for the firm appears below: THE GREEK CONNECTION Balance Sheet As of December 31, 2009 (000) Liablities and Equity Accounts payable Notes payable $1,500 Accounts receivable Inventory Total current assets 3,90 1,300 $7,250 13 Total current labilties $3,720 15 16 17 18 Net plant, property and equipment Total Assets Long-term debt Total liabilities Common equity Total labilities and equity$15.750 S3,000 $6,720 9,030 $8,500 $15,750 21 a. Calculate The Greek Connection's net working capital in 2009 b. Calculate the cash conversion cycle of The Greek Connection in 2009 c. The industry average days sales outstanding ratio is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2009 had it matched the industry average days sales outstanding? Sales (000) Cost of Goods Sold (000) S32,000 S20.000 Days in a year a. Calculate The Greek Connection's net working capital in 2009 26-4

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