Please refer to the financial statements for Roxbury Corporation. Estimate the length of Roxbury's cash conversion...

 

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Please refer to the financial statements for Roxbury Corporation. Estimate the length of Roxbury's cash conversion cycle in 2017. INCOME STATEMENT Net sales Cost of goods sold GS&A expense EBIT Interest expense Earnings before tax Tax Net income Roxbury Corporation 2016 and 2017, ($ millions) 2016 $47,616 40,718 6,171 727 215 $ 2017 $52,378 Cash & securities 44,790 Accounts receivable 6,788 Inventories 800 Net fixed assets 255 Total assets 545 Bank loan 164 382 512 154 358 $ BALANCE SHEET Accounts payable Long-term debt Total liabilities Common stock Retained earnings Total equity Total liabilities & equity $ 2016 2017 951 $ 1,046 6,666 5,236 2,048 $14,901 7,333 5,760 2,253 $16,392 $ 392 $ 547 7,419 8,161 2,148 2,551 9,959 1,293 3,649 4,942 5,133 $14,901 $16,392 11,259 1,293 3,840 Please refer to the financial statements for Roxbury Corporation. Estimate the length of Roxbury's cash conversion cycle in 2017. INCOME STATEMENT Net sales Cost of goods sold GS&A expense EBIT Interest expense Earnings before tax Tax Net income Roxbury Corporation 2016 and 2017, ($ millions) 2016 $47,616 40,718 6,171 727 215 $ 2017 $52,378 Cash & securities 44,790 Accounts receivable 6,788 Inventories 800 Net fixed assets 255 Total assets 545 Bank loan 164 382 512 154 358 $ BALANCE SHEET Accounts payable Long-term debt Total liabilities Common stock Retained earnings Total equity Total liabilities & equity $ 2016 2017 951 $ 1,046 6,666 5,236 2,048 $14,901 7,333 5,760 2,253 $16,392 $ 392 $ 547 7,419 8,161 2,148 2,551 9,959 1,293 3,649 4,942 5,133 $14,901 $16,392 11,259 1,293 3,840

Answer rating: 100% (QA)

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