+1-415-670-9189
info@expertsmind.com
What is the length of its cash cycle
Course:- Financial Management
Reference No.:- EM13942918




Assignment Help
Assignment Help >> Financial Management

Inmoo Company’s average age of accounts receivable is 38 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash (conversion) cycle?

1. 80 days

2. 67 days

3. 55 days

4. 64 days

5. 76 days




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Financial Management) Materials
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next eleven years, because the firm needs to plow back its earnings to f
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you
Business risk is affected by a firm's operations. Which of the following is NOT directly associated with (or does not directly contribute to) business risk? Demand variability
Prepare a business plan that would be useful for launching your product and obtaining financial and managerial support from potential backers.
Ronald's Fast Food just paid their annual dividend of $1.05 a share. The stock has a market price of $26 and a beta of 1.15. The return on the U.S. Treasury bill is 3 percent
Eugene began to save for his retirement at age 32, and for 10 years he put $ 275 per month into an ordinary annuity at an annual interest rate of 8% compounded monthly. After
A firm is expected to pay a dividend of $3.15 next year and $3.45 the following year. Financial analysts believe the stock will be at their price target of $100 in two years.
Binomial Tree Farm’s financing includes $6.7 million of bank loans. Its common equity is shown in Binomial’s Annual Report at $6.84 million. It has 500,000 shares of common st