Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
Zocco Corporation has an inventory conversion period of 75days, an average collection period of 38 days, and a payables deferral period of 30 days.a. What is the length of the cash conversion cycle?b.
Zocco Corporation has an inventory conversion period of 75days, an average collection period of 38 days, and a payables deferral period of 30 days.a. What is the length of the cash conversion cycle?b. If Zocco’s annual sales are $3,421,875 and all sales are on credit, what is the investmentin accounts receivable?c. How many times per year does Zocco turn over its inventory? Assume that cost ofgoods sold is 75% of sales.
- @
- 165 orders completed
- ANSWER
-
Tutor has posted answer for $20.00. See answer's preview
***** *********** *** ** ********* ********** period of ****** an ******* ********** ****** ** 38 **** and * ******** ******** ****** of ** daysa **** ** *** ****** ** *** **** ********** ******* If ********* ****** ***** *** ******** and all ***** *** on ****** what is *** ************ ******** receivable?c *** **** ***** *** **** does ***** **** **** *** ********** ****** **** cost ******* sold is *** ** **************** Cash conversion ***** * ********* ********** ****** * Collection ****** – ******* period = ** * ** *** **** * ** ******** ******* sales per *** = ****** sales/Number ** **** ** a year * $3421875/365 * ***************** ** receivables= ******* sales *** day x ********** ******** = $9375 x **** * *********** ********* ******** ***** * ****** ** days in a ***** **** ** ***** ****** = 365/75 * *****
