Calculate the firm cash conversion cycle

Assignment Help Financial Management
Reference no: EM131609914

Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2015 sales (all on credit) were $185,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.79 times during the year. Its receivables balance at the end of the year was $13,143.01 and its payables balance at the end of the year was $7,396.38. Using this information calculate the firm's cash conversion cycle. Round your answer to the nearest whole. Round the days amounts in your intermediate calculations to the nearest whole day. Do not round other intermediate calculations.

days

Reference no: EM131609914

Questions Cloud

Explain why people differ from the rational choice paradigm : Explain why people differ from the rational choice paradigm when identifying problems/opportunities, evaluating/choosing alternatives, and evaluating decision.
Design and code a swing gui to translate text : Design and code a Swing GUI to translate text that is input in English into Pig Latin. You can assume that the sentence contains no punctuation.
Explain with a suitable firm and market diagram : What will happen to your answers in (b) in the long run? Explain with a suitable firm and market diagram.
What is the photocopier division sales margin : Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows: What is the Photocopier Division's sales margin
Calculate the firm cash conversion cycle : Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle.
Discuss organizational and technical perspectives : Why do you think functional silos are not appropriate for today's organization. Discuss your answer from organizational and technical perspectives.
What is meant by adverse possession : What is meant by "adverse possession"? Why is it ef?cient? Give three (3) examples, explaining when "adverse possession" applies in each case
Thinking of combining your investment portfolios : Suppose you and your spouse are thinking of combining your investment portfolios. What is the value of investments in both assets after combining the assets?
High cost of contractual performance : When would the high cost of contractual performance make the remedy of specific performance more optimal than expectation damages?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd