In: Finance
1.)Compute the DSO for Brown Corporation given the following information: SHOW WORK TO RECEIVE FULL OR PARTIAL CREDIT.
Account Age Amount Outstanding Average Days
0-30 days $70,000.00 25
31-60 days $35,000.00 45
Over 60 days $15,000.00 65
2.)Given the following information:
A. Calculate the cash conversion cycle
B. The average balances in accounts receivable, accounts payable and inventory
Cost of goods sold = $600,000
Cost of goods sold = 75 percent of sales
Inventory turnover = 22.0
Accounts receivable turnover = 13.0
Accounts payable turnover = 38.0