The following information relates to Gear Corporation: Inventory conversion period 68.2 days Receivables collection period 35.8...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information relates to Gear Corporation: Inventory conversion period 68.2 days Receivables collection period 35.8 days Payables deferral period 24.6 days Which of the following is the cash conversion cycle of the company? 128.6 days 79.4 days 57.0 days 79.2 days 60.4 days The following information relates to Gear Corporation: Inventory conversion period 68.2 days Receivables collection period 35.8 days Payables deferral period 24.6 days Which of the following is the cash conversion cycle of the company? 128.6 days 79.4 days 57.0 days 79.2 days 60.4 days
Expert Answer:
Answer rating: 100% (QA)
Option C is correct 570 days The cash conversion cycle is a ... View the full answer
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
Students also viewed these accounting questions
-
The following information relates to The Kroger Company for its 2015 and 2014 fiscal years, and Whole Foods Market, Inc. for its 2014 and 2013 fiscal years. Required a. Compute the following ratios...
-
The following information relates to the Plus Factors Group plc for the years to 30 September 20X8 and 20X9: Ordinary dividends were declared as follows: Interim 1.12 pence per share (20X8, l.67p)...
-
The following information relates to Perry Somers financial affairs in 20X1: 1. Somer is employed as a salesman and is remunerated by commissions. He must pay all of his own expenses. During 20X1, he...
-
Last year, Lena biked 330 miles. This year, she biked k miles. Using k, write an expression for the total number of miles she biked.
-
This company uses a direct marketing distribution model, selling to customers directly. Review the functions channel intermediaries perform and explain what extra tasks Zappos has undertaken by...
-
Copacabana Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of R$145,000. Over its 4-year useful life, the bus is expected to...
-
Two springs have spring constants \(k_{1}\) and \(k_{2}>k_{1}\). Connected as shown in Figure P8.52, they act like one spring. Compute the spring constant of the combination, and determine whether it...
-
Vargo Company has bonds payable outstanding in the amount of $500,000, and the Premium on Bonds Payable account has a balance of $7,500. Each $1,000 bond is convertible into 20 shares of preferred...
-
It's amazing to see how far behind China is in terms of individual household income compared to other countries with similar economic standing. Do you think it's due to its sheer population size? Or...
-
It's amazing how much difference there is in the way proposals are presented at two different firms," said John Woods to his assistant, Pete Madsen, as he pointed to the stack of capital investment...
-
Let f be an extended real-valued measurable function on R. Prove that {x: f(x) = a} is measurable for any a R.
-
9. If during 2011 the money supply increases by 6%, the inflation rate is 5%, and the growth of real GDP is 3%, what must have happened to the value of velocity during 2011?
-
Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also...
-
11) find the point of diminishing returns of the function 2x^3 - 1.5x^2 +3x
-
Describe how the report would help in your job or personal life . list a report or activity you learned about in managerial accounting which would be useful if implemented in either a) a current or...
-
Your long-lost Great Aunt died recently with no children. You receive a call informing you that you will inherit $100,000. Your mother would also like to gift you an additional $50,000 out of her...
-
What is wrong with my code? I cant get it to print an output. Ifeel like I have the right codes but in the wrong placesmaybe? clude clude \) int main( \{ char gender; float tick_num \( =0.0 \); int...
-
The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory (d) 500 (e) 300 (b)...
-
Shown below are the summarized final accounts of Martel plc for the last two financial years: Summarised statement of comprehensive income for the year ending 31 December Additional information: 1...
-
Saddam Ltd is considering the possibility of diversifying its operations and has identified three firms in the same industrial sector as potential takeover targets. The following information in...
-
Sunhats Ltd manufactures patent hats. It carries inventor y of these and sells to wholesalers and retailers via a number of salespeople. The following expenses are charged in the profit and loss...
-
The latent heat of vaporization per unit mass of a pure substance at a given temperature, \(\lambda\), is defined as the difference in enthalpy between the saturated vapor and saturated liquid at the...
-
Air at \(345 \mathrm{~K}\) has a dew-point temperature of \(312 \mathrm{~K}\). Calculate the absolute and relative humidity, and the enthalpy of the mixture relative to liquid water and air at \(273...
-
It is desired to dehumidify \(1.2 \mathrm{~m}^{3} / \mathrm{s}\) of air, available at \(311 \mathrm{~K}\) with a wet-bulb temperature of \(303 \mathrm{~K}\), to a wet-bulb temperature of \(288...
Study smarter with the SolutionInn App