How many times per year does zocco turn over its inventory

Reference no: EM13621215

Zocco Corporation has an inventory conversion period of 77 days, an average collection period of 29 days, and a payables deferral period of 23 days. Assume 365 days in year for your calculations.

1. What is the length of the cash conversion cycle? Round your answer to two decimal places.
days

2. If Zocco's annual sales are $2,729,545 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent.

3. How many times per year does Zocco turn over its inventory? Assume that cost of goods sold is 75% of sales. Round your answer to two decimal places.

Reference no: EM13621215

Questions Cloud

A laser beam passes through a converging lens with a focal : a laser beam passes through a converging lens with a focal length of 19cm... at what distance past the lens has the

The par value of a bond is 450 the redemption value is 425 : the par value of a bond is 450. the redemption value is 425. the bond has nominal annual copoun rate of interest of 4.4

A laser beam passes through a converging lens with a focal : a laser beam passes through a converging lens with a focal length of 19 cm at what distance past the lens has the laser

A vertical piston-cylinder assembly contains 03 kg of air : a vertical piston-cylinder assembly contains 0.3 kg of air k1.4 r287 jkgk initially at 155 kpa and 27 degree c. the is

How many times per year does zocco turn over its inventory : zocco corporation has an inventory conversion period of 77 days an average collection period of 29 days and a payables

A determine the total torque due to the weight of these : the hour hand and the minute hand of big ben a that elizabeth tower clock in london are 2.70 m and 4.50 m long and have

A 1000-w electric resistance heater placed in the tank is : an insulated rigid tank contains 2.5 kg of water at 150 degrees c initially. at this state 1.4 kg of the water is in

Use these data to test for equality of variances what is : prices for regular unleaded gasoline can vary widely from day to day and location to location. these data were obtained

What factors would you want to consider in evaluating : what factors would you want to consider in evaluating profitability if you were a dvd movie and cd music retailer

User Account

All Pages