Sales are on credit-calculate operating and cash cycles

Assignment Help Financial Management
Reference no: EM13952093

Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $9,682 $10,480 Accounts receivable 4,951 5,481 Accounts payable 5,252 5,593 Net sales $138,603 Cost of goods sold 86,413

Required: Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Operating cycle days

Cash cycle days

Reference no: EM13952093

Questions Cloud

Please use lowes home improvement : Think of the last time you visited a zoo. You visit the zoo to enjoy the wealth of variety of animals in their natural habitat. Next time you visit a zoo, notice that similar types of animals are presented together whereas ones that may be natural en..
Calculate countrys bilateral trade balance : What entries are used to calculate a country's bilateral trade balance? A. its unemployment and inflation rates B. its per capita income and imports C. its exports and per capita income D. its exports to and imports from another country
Prepare a budgeted statement of cash receipts : Prepare a budgeted statement of cash receipts and disbursements for the first quarter of 2012.
What is the companys cost of equity capital : The tip-top paving company has a beta of 1.11 a cost of debt of 11% and a debt to value ratio of .6. The current risk free rate is 9 % and the market rate of return is 16.18%. What is the company's cost of equity capital?
Sales are on credit-calculate operating and cash cycles : Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $9,682 $10,480 Accounts receivable 4,951 5,481 Accounts payable 5,252 5,593 Net sales $138,603 Cost of goods sold 86,413. Assume all..
Change the page orientation to landscape : Retrieve Expense Report, save it on your computer, and open it in Excel. This partially completed workbook contains the column headings and several expense items.
Relationship between elements of an environment : The approach maps ideas to show the relationship among requirements and the difference between requirements. These diagram shown the relationship between elements of an environment
What types of things are meaningless according to hume : What types of things are meaningless according to Hume?
What is realism explain in your own words : What is realism? Explain in your own words.

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the arithmetic average returns-variances

Returns Year X Y 1 11 % 18 % 2 25 26 3 11 10 4 – 18 – 23 5 10 17 Using the returns shown above, calculate the arithmetic average returns, the variances, and the standard deviations for X and Y.

  Exchanged a piece of land for a non-interest-bearing note

Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,450 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the not..

  Pension funds pay lifetime annuities to recipients

Pension funds pay lifetime annuities to recipients. If a firm will remain in business indefinitely, the pension obligation will resemble perpetuity. Suppose, therefore, that you are managing a pension fund with obligations to make perpetual payments ..

  What will be the after-tax cash flow of this sale

Suppose you sell a fixed asset for $128,000 when it's book value is $161,000. If your company's marginal tax rate is 28%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?

  Estimate of the the call options value-stock price model

You are attempting to value a call option with an exercise price of $90 and one year to expiration. The underlying stock pays no dividends, its current price is $90, and you believe it has a 50% chance of increasing to $125 and a 50% chance of decrea..

  Exercised due diligence in evaluating investment proposal

If you were assessing the extent to which a financial consultant exercised due diligence in evaluating an investment proposal, would you be influenced by the consultant’s choice between internal rate of return and present value as an evaluation metho..

  Optimal number of yards of material sofaworld should order

The Sofaworld Company purchases upholstery material from Barrett Textiles. The company uses 45,000 yards of material per year to make sofas. The cost of ordering material from the textile company is $1,500 per order. Determine the optimal number of y..

  Firms weighted average cost of capital

Klausenheimer has earnings before interest and taxes of $1,500,000. The book and the market value of debt is $1.7million. The unlevered cost of equity is 15.5 percent while the pre-tax cost of debt is 8.6 percent. The tax rate is 38 percent. What is ..

  Desires to pay remainder of loan in single payment

Clay Harden borrowed $38000 from a bank at an interest rate of 12% compounded monthly. The loan will be repaid in 48 equal monthly installments over four years. Immediately after this 18th payment, Clay desires to pay the remainder of the loan in a s..

  The statement of cash flows-changes in Balance Sheet account

The Statement of Cash Flows on page 2.1.6 presents how changes in Balance Sheet accounts will affect a company’s cash balance. Refer to that information and discuss how an increase in your company's accounts payable from one period to the next is a m..

  Bond has yield to maturity-payments made semi-annually

A bond has a yield to maturity of 4.5% , Face value of $1000, and 8 years until maturity. In excel, compute and graph the price of this bond for coupon rates of 0% to 20%, in 1% increments, with payments made semi-annually. Also compute the duration.

  Considered in the fixed charge coverage ratio

Which of the following would not be considered in the fixed charge coverage ratio?

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