Multiple Choice
Calculate the inventory-to-sale conversion period based on the following information: average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000.
A) 240 days
B) 180 days
C) 90 days
D) 60 days
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Short-term financial planning typically involves preparing monthly
Q3: The cash conversion cycle refers to the
Q4: Which of the following is measured by
Q5: A common way to express a venture's
Q6: A venture's cash conversion cycle will decrease
Q8: Conversion period ratios show the average time
Q9: Seed financing usually occurs during a venture's
Q10: Short-term financial planning is critical during the
Q11: A cash budget shows a venture's projected
Q12: Short-term financial planning forecasts address whether a