Question: Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 76 days, an average collection period of 50 days, and a payables

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 76 days, an average collection period of 50 days, and a payables deferral period of 30 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations. What is the length of the firm's cash conversion cycle? days If Negus's annual sales are $3,203,100 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar. $ How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.

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!

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 50 days, and a payables deferral period of 29 days. Assume that...

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 71 days, an average collection period of 44 days, and a payables deferral period of 33 days. Assume that...

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 55 days, an average collection period of 37 days, and a payables deferral period of 20 days. Assume that...

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 35 days, and a payables deferral period of 36 days. Assume that...

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 79 days, an average collection period of 49 days, and a payables deferral period of 20 days. Assume that...

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 77 days, an average collection period of 48 days, and a payables deferral period of 22 days. Assume that...

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 70 days, an average collection period of 48 days, and a payables deferral period of 38 days. Assume that...

Include any excel formulas used to arrive at the answer. (16-11) Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35 days, and a...

7. Problem 21-11 Problem 21-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 60 days, an average collection period of 49 days, and a payables deferral period of 26...

Problem 21-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 71 days, an average collection period of 39 days, and a payables deferral period of 20 days. Assume that...

1. The dollar to the euro is quoted at $1.1260/ today. Put options on the euro with an exercise price of $1.1280/ and expiration in three months are selling for $0.0362/. Each option contract calls...

Consider the curve y = tanz between the origin and the point (,1). a) Set up the integral that would be used to determine the arclength of the curve between origin and the point (,1). b) Use your...

Which of the following can handle multiple factors? Multiple choice question. CAPM APT

If the balance sheet of a firm indicates that total assets exceed current liabilities plus shareholders' equity, then the firm must have: a. no retained earnings. b. long-term debt. c. no accumulated...

Teamwork. Global. Technology. Form teams of three students. Choose a culture you are not totally familiar with but would like to learn more about. Research (through the Internet or interviews) the...

Teamwork. Bring a newspaper,magazine, or book to class. a. Working in a group of four, have one member read aloud for five minutes while the other three members listenone using cautious listening,...

Global. Teamwork. Conduct an in-class debate on whether ineffective listening is strictly an American problem or whether it exists worldwide. Do the secondary research necessary to support your or...