Question
In: Finance
Period End Date 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 Total Inventories 17516000000 16450000000 15296000000 14760000000 14001000000 Cost...
| Period End Date | 31-Dec-19 | 31-Dec-18 | 31-Dec-17 | 31-Dec-16 | 31-Dec-15 |
| Total Inventories | 17516000000 | 16450000000 | 15296000000 | 14760000000 | 14001000000 |
| Cost of Goods Sold incl. Depreciation | 211248000000.00 | 163041000000.00 | 156258000000.00 | 148623000000.00 | 126762000000.00 |
| Net Sales or Revenue | 256577000000.00 | 194578000000.00 | 184786000000.00 | 177526000000.00 | 153290000000.00 |
| Accounts Receivable Gross | 17555000000 | 17303000000 | 13342000000 | 12450000000 | 12049000000 |
| Accounts Payable | 30972000000 | 26437000000 | 19223000000 | 17397000000 | 15143000000 |
Find the Operating cycle and Cash cycle (show work).
Solutions
Expert Solution
Days in inventory formula= Average Inventory/Cost of goods sold × 365
= (17516000000 + 16450000000/2)/ 211248000000 ×365
= (33966000000/2) / 211248000000 × 365
= 16983000000 / 211248000000 × 365
= 0.080 × 365
= 29.34 days
Days of sales outstanding= Average Account receivable / Sales × 365
= (1755500000+17303000000/2) / 256577000000 × 365
= ( 34858000000 / 2 ) / 256577000000
= 17429000000/ 256577000000 × 365
= 0.0679 × 365
= 24.79 days
Days of payable outstanding= Average Payable / cost of goods sold × 365
= (30972000000+26437000000/2) / 211248000000 × 365
= ( 57409000000/2 ) / 211248000000 × 365
= 28704500000 / 211248000000 × 365
= 0.135881 × 365
= 49.60 days
A) Operating cycle of 2019 = Days of inventory outstanding + Days of sales outstanding
= 29.34 days + 24.79 days
= 54.13 days
B) Cash conversion cycle of 2019= Operating cycle - Days of payable outstanding
= 54.13 - 49.60 days
= 4.53 days
jeff jeffy answered 2 years agoRelated Solutions
You are given the following information. Please use it for the following 31-Dec-16 31-Dec-16 31-dec-17 31-Dec-17...
You are given the following information. Please use it for the
following
31-Dec-16
31-Dec-16
31-dec-17
31-Dec-17
stock
Price
Shares
Price
Shares
w
50$
10000
25$
20000
x
40$
5000
25$
10000
y
20$
20000
30$
20000
z
30$
15000
40$
15000
Stocks W and X had 2 for 1 splits on December 31, 2016. The
information in the table
for 2016 is pre-split.
3.4 Calculate the price weighted series for Dec 31, 2016, prior
to the splits.
3.5 Calculate the...
JOHNSTON ENTERPRISES BALANCE SHEET 31-Dec-17 31-Dec-16 Current Assets: &nb
JOHNSTON ENTERPRISES
BALANCE SHEET
31-Dec-17
31-Dec-16
Current Assets:
Cash $140,000
$120,000
Accounts Receivable 200,000
300,000
Inventory 400,000
300,000
Total Current Assets 740,000
720,000
Property, Plant, and Equipment 1,241,000
1,122,000
Less: Accumulated Depreciation -476,000
-442,000
Total Assets 1,505,000
1,400,000
Current Liabilities:
Accounts Payable $201,000
$130,000
Notes Payable 40,000
60,000
Income Taxes Payable 90,000
70,000
Total...
Given the following numbers: 25 16 61 18 15 20 15 20 24 17 19 28,...
Given the following numbers: 25 16 61 18 15 20 15 20
24 17 19 28, derive the mean, median, mode, variance, standard
deviation, skewness, kurtosis, range, minimum, maximum, sum, and
count. Interpret your results. What is the empirical rule for two
standard deviations of the data?
Given the following numbers: 25 16 61 18 15 20 15 20 24 17 19 28,...
Given the following numbers: 25 16 61 18 15 20 15 20 24 17 19
28, derive the mean, median, mode, variance, standard deviation,
skewness, kurtosis, range, minimum, maximum, sum, and count.
Interpret your results. What is the empirical rule for two standard
deviations of the data?
18. Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw...
18. Marigold Corp.'s accounting records reflect the following
inventories:
Dec. 31, 2019
Dec. 31, 2020
Raw materials inventory
$30000
$ 87000
Work in process inventory
66000
84000
Finished goods inventory
60000
48000
During 2020, Marigold purchased $890000 of raw materials, incurred
direct labor costs of $175000, and incurred manufacturing overhead
totaling $224000.
How much is total manufacturing costs incurred during 2020 for
Marigold?
$1289000
$1244000
$1232000
$1295000
17. Gulick Company developed the following data for the current
year:
Beginning work...
Abreviated Income Statement $thousands, except EPS 31-Dec-20 31-Dec-19 Total Revenue 1,743,641 781,963 Cost of Goods...
Abreviated Income Statement
$thousands, except EPS
31-Dec-20
31-Dec-19
Total Revenue
1,743,641
781,963
Cost of Goods Sold
431,725
278,433
Gross Profit
1,311,916
503,530
Operating Expenses
68,470
52,402
Operating Income
1,243,446
451,128
Interest & Taxes
453,190
293,537
Net Income
790,256
157,591
EPS, 50,000,000 shares outstanding
15.81
3.15
(Round all answers to two decimals, i.e. 12.00)
a) Calculate the degree of operating leverage (DOL). Blank 1
b) Calculate the degree...
January 15, 2017 January 16, 2017 January 17, 2017 January 18, 2017 January 19, 2017 January...
January 15, 2017
January 16, 2017
January 17, 2017
January 18, 2017
January 19, 2017
January 20, 2017
January 21, 2017
Person 1
32
56
92
76
72
32
72
Person 2
40
0
20
4
20
0
0
Person 3
30
5
10
15
15
20
25
Person 4
47
35
71
13
17
29
42
Person 5
10
15
15
15
15
15
25
Person 6
0
0
0
10
5
5
0
Person 7
0
12
2...
79, 19, 16, 64, 28, 28, 31,90, 60, 56, 31, 56, 22, 18, 45, 48, 17,...
79, 19, 16, 64, 28, 28, 31,90, 60, 56, 31, 56, 22, 18, 45, 48,
17, 63, 69, 17
with these number find
a) Frequency distribution
b)Frequency polygon
c) less than cumulative frequency polgon.
A B C 8 24 19 12 16 28 22 22 24 15 14 31 18...
A
B
C
8
24
19
12
16
28
22
22
24
15
14
31
18
20
19
9
32
Test at the 5% level of significance to see if the means are all
the same.
1. What is the null and alternate hypotheses?
2. What is the p-value?
3. Decide if you reject or accept (fail to reject) your null
hypothesis.
4. Decide if you reject or accept (fail to reject) your
claim.
31-Dec-17 31-Dec-16 Accounts receivable (net) 275,000 196,500 Accumulated Depreciation 300,000 200,000 Additional Paid in Capital-Common 600,000...
31-Dec-17
31-Dec-16
Accounts receivable (net)
275,000
196,500
Accumulated Depreciation
300,000
200,000
Additional Paid in Capital-Common
600,000
400,000
Administrative expenses
371,000
475,000
Bond payable, 10% due 2025
500,000
500,000
Cash
162,000
120,000
Common stock, $2 par
200,000
100,000
Cost of goods sold
1,550,000
1,420,500
Current liabilities
267,000
268,000
Depreciation Expense
100,000
100,000
Dividends on common stock
40,000
40,000
Dividends on preferred stock
12,500
12,500
Gain on Sale of Land
125,000
0
Income tax expense
168,000
118,750
Inventories
417,000
132,500
Long-term investments...
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