Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. section 1 working capital [10] 1. please answer ea

SECTION 1 Working capital [10] 1. Please answer each of the following questions: 1.1 Sportz...

80.2K

Verified Solution

Question

Finance

image

SECTION 1 Working capital [10] 1. Please answer each of the following questions: 1.1 Sportz Goods Pty Ltd has provided you with the following information and requested you to provide them with the requirements as per the information below: The following information was provided: R Sales (25% for cash) Cost of goods sold Purchases (all on credit) Accounts receivable Accounts payable Inventory (1 July 2020) 2 500 000 1 450 000 1 160 000 416 667 145 250 325 000 Required: Calculate the following: a) Average age of inventory (2) b) Average collection period (2) c) Average payments period (2) d) Cash conversion cycle (2) e) Provide 3 recommendations for improving the cash conversion cycle (2)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Let p be the (unknown) proportion of males in a town of 100, 000 residents. A...

General Management
1.2K views

How can Nestle grow from the pandemic in both their operations and supply chain. What should...

Biology
1.2K views

Take the following DNA sequence.tgagggctatcctagcgatgcaggttggaga. Show what the other side of the DNA sequence would...

Physics
1.2K views

A particle of charge q and mass m is clamped rigidly at the circumference of...

Calculus
1.2K views

Using ALL your knowledge of rational functions sketch a graph of the following functions Use...

Algebra
1.2K views

Mr Green orders some cookies from a local youth group Using his order form shown...

Accounting
1.2K views

Go the FASAB Website. Navigate to and review the Our Mission section under the...

Accounting
1.2K views

Exercise 8-11 (Algo) Cash Budget Analysis (L08-8] A cash budget, by quarters, is given below...

Accounting
1.2K views

A company's equity is 31% of its assets of $35,000. The company's debt-equity ratio is...

Accounting
1.2K views

please help 1. Prepare a production budget of finished goods by month and in...

Accounting
1.2K views

Locate the financial information for a company that has only domestic manufacturing operations. Assume management...

Accounting
1.2K views

1. Explain the job order costing income statement and provide a hypothetical example of job...