August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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SOLVED NUMERICAL PROBLEMS
- Calculate cash conversion period from the financial variables given hereunder:
Solution
Inventory conversion period:
{(940 + 936)/2 / (7,036/365) = 48.7 days
B/R conversion period:
{(942 + 962)/2}/(7,936/365) = 43.8 days
Payables conversion period:
{(608+606)/2}/(7,036/365) = 31.5 days
Cash conversion period:
48.7 + 43.8 − 31.5 = 61 days
- Find the average conversion period with the help of the following data:
Gross operating cycle
= 88 days
Net operating cycle
= 65 days
Raw material storage period
= 45 days
Work-in-progress conversion period
= 4 days
Finished goods ...
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