题目
题目

COMM_V 370 101-108 2025W1 COMM 370-Practice Midterm-2025-W1

多重下拉选择题

Selected information for the Lenny Company: Inventory Period = 50 days Accounts Payable Period = 25 days Accounts Receivable Period = 35 days Select the correct answer to each of the following questions: a) How many days is Lenny's cash cycle? [ Select ] b) How many times per year does Lenny turn over its inventory? [ Select ] c) If Annual Sales = $4,380,000 and all sales are on credit, what is Lenny's average Accounts Receivable? [ Select ]  

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标准答案
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思路分析
We begin by restating the scenario and identifying what each sub-question asks. a) Cash cycle (also known as cash conversion cycle) = Inventory days outstanding + Accounts receivable days outstanding − Accounts payable days outstanding. - Inventory Period = 50 days - Accounts Receivable Period = 35 days - Accounts Payable Period = 25 days Calculation: 50 + 35 − 25 = 60 days. This means it takes 60 days from paying suppliers to collecting cash from customers. b) Inventory turnover per year is the reciprocal......Login to view full explanation

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Selected information for the Lenny Company: Inventory Period = 50 days Accounts Payable Period = 25 days Accounts Receivable Period = 35 days Select the correct answer to each of the following questions: a) How many days is Lenny's cash cycle? [ Select ] 85 10 60 40 b) How many times per year does Lenny turn over its inventory? [ Select ] 50 7.3 6.1 14.6 c) If Annual Sales = $4,380,000 and all sales are on credit, what is Lenny's average Accounts Receivable? [ Select ] $125,143 $12,000 $420,000 $87,600  

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