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Zane Corporation has an inventory conversion period of 63 days, an average collection period of 33...

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Finance

Zane Corporation has an inventory conversion period of 63 days,an average collection period of 33 days, and a payables deferralperiod of 37 days. Assume 365 days in year for yourcalculations.

What is the length of the cash conversion cycle? Round youranswer to two decimal places.

__days

If Zane's annual sales are $2,679,070 and all sales are oncredit, what is the investment in accounts receivable? Round youranswer to the nearest cent. Do not round intermediate calculations.$

How many times per year does Zane turn over its inventory?Assume that the cost of goods sold is 75% of sales. Use sales inthe numerator to calculate the turnover ratio. Round your answer totwo decimal places. Do not round intermediate calculations.

Answer & Explanation Solved by verified expert
4.3 Ratings (844 Votes)
a Cash conversion cycle Cash conversion cycle is calculated by using following formula Cash conversion cycle Inventory turnover day    See Answer
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