DEVRY FIN 515 Week 7 Problem Set
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FIN 515 Week 7 Problem Set Chapter 26( page 903): Answer the following questions: What is the difference between a firm’ s cash cycle and its operating cycle?
How will a firm’ s cash cycle be affected if a firm increases its inventory, all else being equal?
How will a firm’ s cash cycle be affected if a firm begins to take the discounts offered by its suppliers, all else being equal?
The Greek Connection had sales of $ 32 million in 2012, and a cost of goods sold of $ 20 million. A simplified balance sheet for the firm appears below: Calculate The Greek Connection’ s net working capital in 2012. Calculate the cash conversion cycle of The Greek Connection in 2012.
The industry average accounts receivable days is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2012 if it had matched the industry average for accounts receivable days?