Halka Company is a no-growth firm. Its sales fluctuate seasonall

Halka Company is a no-growth firm. Its sales fluctuate seasonall


Asked by 6 years ago
398.7k points
  1. Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firms cash conversion cycle. Using the following information and a 365-day year, what is the firms present cash conversion cycle?

Average inventory = $75,000

Annual sales = $600,000

Annual cost of goods sold = $360,000

Average accounts receivable = $160,000

Average accounts payable = $25,000

a. 120.6 days

b. 126.9 days

c. 133.6 days

d. 140.6 days

e. 148.0 days

Halka Company
maddy

1 Answer

Answered by 6 years ago
398.7k points

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 Halka Company is a no-growth firm. Its sales fluctuate seasonall

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Excerpt from file: 4. Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firms cash conversion cycle. Using the following

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Asked: 6 years ago

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