Question: 7. Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Round to the nearest whole

7. Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Round to the nearest whole day. Annual sales = $45,000 Annual cost of goods sold = $23.500 Inventory = $4,500 Accounts receivable = $1,800 Accounts payable $2,500

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!

Design a retirement planning calculator for Skulling Financial Services. Allow a user to enter a number of working years remaining in the users career and the annual amount of money the user can...

6. Longstreet Inc. has fixed operating costs of $310.000, variable costs of $2.55 per unit produced, and its product sells for $3.75 per unit. What is the company's break-even point, i.e., at what...

Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Round to the nearest whole day. Annual sales = $45.000 $22,500 Annual cost of goods...

How do I solve the Mirr, discounted payback method, after tax salvage, dividend payout ratio, and cash receipts I have the answers I just need to know how to solve these questions the easiest way and...

Kirk Development buys on terms of 2/15, net 55 days. It does not take discounts, and it typically pays on time, 55 days after the invoice date. Net purchases amount to $250,000 per year. On average,...

Please see the attatched assignment 1-1. The Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to...

23 25 Data on Wentz Inc. for last year are shown below, along with the payables deferral period (PDP) for the firms against which it benchmarks. The firm's new CFO believes that the company could...

Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round to the nearest whole day. Annual...

Anwers are already there. Just please help me to show work 9. You own 100 shares of Troll Brothers' stock, which currently sells for $120 a share. The company is about to declare a 8-for-1 stock...

Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round to the nearest whole day. Annual...

The local RCMP detachment monitors the average speed on one of our busy highways in the province. The detachment wants to find whether the mean speed is more than 110 km/h. A random speed check of 62...

The representative consumer's utility function is -(11/8), 1+1/5 n 1+1/ u(c, n) = lnc- in which the parameter (the Greek lowercase letter "xi") is a fixed number. Suppose the labor income tax rate is...

Piercing the corporate veil occurs when the articles of incorporation are filed in a different state than where the company headquarters are located. Group of answer choices True False

In problem use (1) to find the general solution of the given differential equation on (0, ). d [xy'] + (x dx 4 =D0

In the current year, 2006, Katrina's Kids (KK) anticipates a surplus of $1,100,000 based upon sales of $6,480,000. Given a very successful first year with little effort, key members of the management...

The accounts and related balances of EOC Corp. at June 30, 2020 are arranged in no particular order: Required 1. Prepare the companys classified balance sheet in report format at June 30, 2020. 2....

Why do the liquid junctions potentials 0.1 M HCl | 0.1 M KCl and 0.1 M NaOH | 0.1 M KCl have opposite signs in Table 15-2? Why is the junction potential for 0.1 M NaOH | 0.1 M KCl so much more...

Welland Fabricating borrowed $38,000 at 8% compounded quarterly to purchase a new piece of machinery. Payments of $4000 are made at the end of every quarter. a. Calculate the balance at the end of...

The following link will take you to the introduction of a book on platforms. As we all know, platforms are coming to dominate the market today ranging from Google, AirBnb, Uber, Amazon, eBay,...

Population

The feeling of boredom.

2. In this chapter, the reader should reflect on the following concepts: