Income statement data:Sales $ 6,400Cost of goods sold 5,600Balance sheet data:Inventory $ 630Accounts receivable 250Accounts payable 410Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the above firm
Complete the statement of sources and uses of cash from the following entries:
Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures in thousands of dollars):
A firm sells its $1,130,000 receivables to a factor for $1,073,500. The average collection period is 1 month. What is the effective annual rate on this arrangement?