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 ?