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Fundamentals of Financial Management Study Set 1
Quiz 15: Working Capital Management
Whittington Inc
Question 90
Multiple Choice
Whittington Inc.has the following data.What is the firm's cash conversion cycle?
A) 28 days B) 32 days C) 29 days D) 25 days E) 34 days
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Q 91
Inmoo Company's average age of accounts receivable is 86 days,the average age of accounts payable is 40 days,and the average age of inventory is 69 days.Assuming a 365-day year,what is the length of its cash conversion cycle? A) 116 days B) 107 days C) 115 days D) 139 days E) 124 days
Q 92
Singal Inc.is preparing its cash budget.It expects to have sales of $30,000 in January,$35,000 in February,and $22,500 in March.If 20% of sales are for cash,40% are credit sales paid in the month after the sale,and another 40% are credit sales paid 2 months after the sale,what are the expected cash receipts for March? A) $31,415 B) $33,855 C) $30,500 D) $26,840 E) $22,875
Q 93
Dyl Pickle Inc.had credit sales of $5,000,000 last year and its days sales outstanding was DSO = 35 days.What was its average receivables balance,based on a 365-day year. A) $436,301 B) $426,712 C) $551,370 D) $570,548 E) $479,452
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A) 28 days
B) 32 days
C) 29 days
D) 25 days
E) 34 days