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Walker Speedo In January 2015, Tyler was named treasurer of Water Speed He decided that he could best orient himself bystematically examining each area of the company's financial operations. He began by studying the firm's short-term financial activities Walter Speed Olocated in southern California, speciales funt line called "Splash" of high quality and contemporary design the furniture appeals to the customer who wants something unique for his or her home or apartment. Most Walker Speedfuture built by special order because a wide variety of upholstery, accent trimming and colonisalable. The product line is distributed through exclusive dealership arrangements with wel established retail stores Walker Speed- manufacturing process virtually eliminates the use of wood. Pastic and metal provide the basic framework, and wood is sed only for decorative Walker Speed- entered the plastic-furniture market in 2007. The company markets its plastic fumiture products an indoor-outdoor om under the brand name "Future". Future plastic furniture emphasizes comfort, durability, and practically and is buted through wholesalers. The Future line has been very successful counting for nearly percent of the firm's sales and profits in 2014. Water Speedo anticipates some addition to the Future ne and also some limited change of direction in its promotion in an effort to expand the tons of the plastic future Tier has decided to study the firm's cash management practices to determine the effects of these practices, he must first determine the current operating and conversion cycles. In his investigations he found that walker Speed-o purchases all its raw materials and production supplies an open account The company is operating at production levels that preclude volume discounts. Most suppliers do not offer cash discounts, and Walter Speedo usually receives credit terms of net 30. An analysis of Walker Speed-O's accounts payable showed that is a payment period is 30 days. Tyler consulted industry data and found that the industry average payment period was das Investigation of she California furniture manufacturers revealed that their average payment period was e days Next, Tyler studied the production cycle and inventory policies: Water Speed-ories not to hold any more inventory than necessary in either saw materials or finished good. The average inventory age was 110 days. Tyler determined that the industry standard, reported in a survey done by Furniture Ape the trade association journal, was 83 days Walter Speed-o sells to all its customers on a net 6 bin the industry trend to grant such credit terms on specialty furniture. Tier discovered by the accounts receive that the average collection period for the firm was 75 days. Investigation of the trade tocations and California manufacturers averages showed that the same collection periodisted where net 60 credit terms were Blven Where cash discounts were offered the collection period was significantly shortenet. The believed that if Walker Speed Owere to offer credit terms of 3/20 net 60, the average collection period could be reduced by 40 percent. Walker Speed Owas spending an estimated $26.500,000 per year on operating cycle investments. Tyler considered this expenditure level to be the minimum he could expect the firm to disbune during 2015 His concern was whether the firm's cash management was as eficient as it could be. He knew that the company paid 15 percent annual interest for its resource investment for this reason, he was concerned about the financing cost resulting from any inefficiencies in the management of Walker Speed-O's cach conversion cyde(Note: Assunta 365-day wear and that the pertinentment per dollar of payables, inventory and receivables in the same To Do Parts 1.20 1. Assuming a constant role for purchase production and sales throughout the year, what are Walter Speed O's existing operating orde OC.cash comincyde (CCC), and resource investment need? ch Walter Speedo In January 2015. Tyler was named treasurer of Water Speed He decided that he could best orient himself by wstematically examining each area of the como facial operations. He began by studying the firm's short term financial activities Walker Speed 0 located in southern California, speciales funt line called "Splash" of high quality and contemporary design, the furniture appeals to the customer who wants something unique for his or her home or apartment. Most Walker Speed furniture built by special onder because a wide variety of upholstery, accent trimming and colonisalable. The product line distributed through exclusive dealership arrangements with wished recalore Walter Speed O' manufacturing process virtually eliminates the use of wood. Psicand metal provide the basic framework and wood is used only for decorative purposes Walker Speed- entered the plastic furniture marketin 2007. The company market is plastic future products an indoor-outdoorom under the brand name "Future". Puture plastic furniture emphasizes comfort, durability, and practical and is dibuted through wholesaler. The Future line has been very successful counting for nearly percent of the firm's sales and profits in 2014. Water Speedo anticipates some addition to the Future ne and also some limited change of direction in its promotion in an effort to expand the litions of the plastic future Tyler has decided to study the firm's cash management practices. To determine the effects of these practices, he must first determine the current operating and conversion cycles. In his investigations, he found that walker Speed-o purchases alles wat and production supplies an open account The company is operating at production levels that predude volume discounts. Most suppliers do not offer cash discounts and Walter Speedo usually receives credit terms of net 30. An analysis of Walker Speed-O's accounts payable showed that is een period is 30 days. Tyler consulted industry data and found that the industry average payment period was day. Investigation of California furniture manufacturers revealed that their average payment period was 3 days Next, Tyler studied the production cycle and inventory policies, Walter Speed Oris not to hold any more inventory than necessary in either materials or finished good. The average inventory age was 110 days. The determined that the industry standards reported in a survey done by Furniture the trade association journal, was 83 de Walter Speed-o sells to all its customers on a neto basi hindustry trend to grant such credit terms on specialty furniture. Tyler discovered by the counts receivable, that the average collection period for the firm was 75 ds. Investigation of the traditations and California manufacturers' averages showed that the same collection period wished where net 60 credit terms were Blven Where cash discounts were offered the collection period was significantly shortened. Thier believed that if Walker Speed-o were to offer crede termof/30 net 60, the average collection period could be reduced by 40 percent. Walker Speed Owas spending an estimated $26.500.000 per year on operating syde investments. Tyler considered this expenditure level to be the minimum he could expect them to disbune during 2015 His concern was whether the firm's cash management was seen as it could be. He knew that the company paid 15 percent annual interest for its resource investment for this reason, he was concerned about the financing cost resulting from any inefficiencies in the management of Walker Speed-O's cash conversion eye. (Note: Assume a 365-day year and that the operating cycle investment per dollar of payables, inventory and receivables is the same To Do Parts 1-10 1 Asuming a constant role for purchases, production and sales throughout the year, what are Walter Speed O's existing operating orde foc.cash cancyde CCC)and resource investment need? CT Walker Speedo In January 2015, Tyler was named treasurer of Water Speed He decided that he could best orient himself bystematically examining each area of the company's financial operations. He began by studying the firm's short-term financial activities Walter Speed Olocated in southern California, speciales funt line called "Splash" of high quality and contemporary design the furniture appeals to the customer who wants something unique for his or her home or apartment. Most Walker Speedfuture built by special order because a wide variety of upholstery, accent trimming and colonisalable. The product line is distributed through exclusive dealership arrangements with wel established retail stores Walker Speed- manufacturing process virtually eliminates the use of wood. Pastic and metal provide the basic framework, and wood is sed only for decorative Walker Speed- entered the plastic-furniture market in 2007. The company markets its plastic fumiture products an indoor-outdoor om under the brand name "Future". Future plastic furniture emphasizes comfort, durability, and practically and is buted through wholesalers. The Future line has been very successful counting for nearly percent of the firm's sales and profits in 2014. Water Speedo anticipates some addition to the Future ne and also some limited change of direction in its promotion in an effort to expand the tons of the plastic future Tier has decided to study the firm's cash management practices to determine the effects of these practices, he must first determine the current operating and conversion cycles. In his investigations he found that walker Speed-o purchases all its raw materials and production supplies an open account The company is operating at production levels that preclude volume discounts. Most suppliers do not offer cash discounts, and Walter Speedo usually receives credit terms of net 30. An analysis of Walker Speed-O's accounts payable showed that is a payment period is 30 days. Tyler consulted industry data and found that the industry average payment period was das Investigation of she California furniture manufacturers revealed that their average payment period was e days Next, Tyler studied the production cycle and inventory policies: Water Speed-ories not to hold any more inventory than necessary in either saw materials or finished good. The average inventory age was 110 days. Tyler determined that the industry standard, reported in a survey done by Furniture Ape the trade association journal, was 83 days Walter Speed-o sells to all its customers on a net 6 bin the industry trend to grant such credit terms on specialty furniture. Tier discovered by the accounts receive that the average collection period for the firm was 75 days. Investigation of the trade tocations and California manufacturers averages showed that the same collection periodisted where net 60 credit terms were Blven Where cash discounts were offered the collection period was significantly shortenet. The believed that if Walker Speed Owere to offer credit terms of 3/20 net 60, the average collection period could be reduced by 40 percent. Walker Speed Owas spending an estimated $26.500,000 per year on operating cycle investments. Tyler considered this expenditure level to be the minimum he could expect the firm to disbune during 2015 His concern was whether the firm's cash management was as eficient as it could be. He knew that the company paid 15 percent annual interest for its resource investment for this reason, he was concerned about the financing cost resulting from any inefficiencies in the management of Walker Speed-O's cach conversion cyde(Note: Assunta 365-day wear and that the pertinentment per dollar of payables, inventory and receivables in the same To Do Parts 1.20 1. Assuming a constant role for purchase production and sales throughout the year, what are Walter Speed O's existing operating orde OC.cash comincyde (CCC), and resource investment need? ch Walter Speedo In January 2015. Tyler was named treasurer of Water Speed He decided that he could best orient himself by wstematically examining each area of the como facial operations. He began by studying the firm's short term financial activities Walker Speed 0 located in southern California, speciales funt line called "Splash" of high quality and contemporary design, the furniture appeals to the customer who wants something unique for his or her home or apartment. Most Walker Speed furniture built by special onder because a wide variety of upholstery, accent trimming and colonisalable. The product line distributed through exclusive dealership arrangements with wished recalore Walter Speed O' manufacturing process virtually eliminates the use of wood. Psicand metal provide the basic framework and wood is used only for decorative purposes Walker Speed- entered the plastic furniture marketin 2007. The company market is plastic future products an indoor-outdoorom under the brand name "Future". Puture plastic furniture emphasizes comfort, durability, and practical and is dibuted through wholesaler. The Future line has been very successful counting for nearly percent of the firm's sales and profits in 2014. Water Speedo anticipates some addition to the Future ne and also some limited change of direction in its promotion in an effort to expand the litions of the plastic future Tyler has decided to study the firm's cash management practices. To determine the effects of these practices, he must first determine the current operating and conversion cycles. In his investigations, he found that walker Speed-o purchases alles wat and production supplies an open account The company is operating at production levels that predude volume discounts. Most suppliers do not offer cash discounts and Walter Speedo usually receives credit terms of net 30. An analysis of Walker Speed-O's accounts payable showed that is een period is 30 days. Tyler consulted industry data and found that the industry average payment period was day. Investigation of California furniture manufacturers revealed that their average payment period was 3 days Next, Tyler studied the production cycle and inventory policies, Walter Speed Oris not to hold any more inventory than necessary in either materials or finished good. The average inventory age was 110 days. The determined that the industry standards reported in a survey done by Furniture the trade association journal, was 83 de Walter Speed-o sells to all its customers on a neto basi hindustry trend to grant such credit terms on specialty furniture. Tyler discovered by the counts receivable, that the average collection period for the firm was 75 ds. Investigation of the traditations and California manufacturers' averages showed that the same collection period wished where net 60 credit terms were Blven Where cash discounts were offered the collection period was significantly shortened. Thier believed that if Walker Speed-o were to offer crede termof/30 net 60, the average collection period could be reduced by 40 percent. Walker Speed Owas spending an estimated $26.500.000 per year on operating syde investments. Tyler considered this expenditure level to be the minimum he could expect them to disbune during 2015 His concern was whether the firm's cash management was seen as it could be. He knew that the company paid 15 percent annual interest for its resource investment for this reason, he was concerned about the financing cost resulting from any inefficiencies in the management of Walker Speed-O's cash conversion eye. (Note: Assume a 365-day year and that the operating cycle investment per dollar of payables, inventory and receivables is the same To Do Parts 1-10 1 Asuming a constant role for purchases, production and sales throughout the year, what are Walter Speed O's existing operating orde foc.cash cancyde CCC)and resource investment need? CT