Captain Kurt's Enterprises has a receivables turnover rate of 12.8, a payables turnover rate of 11.9, and an inventory turnover rate of 15.6. What is the length of the firm's operating cycle? a. 24.89 days b. 39.80 days c. 51.92 days d. 62.56 days e. 83.77 days

Captain Kurt's Enterprises has a receivables turnover rate of 12.8, a payables turnover rate of 11.9, and an inventory turnover rate of 15.6. What is the length of the firm's operating cycle? a. 24.89 days b. 39.80 days c. 51.92 days d. 62.56 days e. 83.77 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

See similar textbooks

Related questions

Q: None

A: Identify the variables:Payment per period (PMT) = $15,000Number of periods (n) = 5 years * 4…

Q: want answer

A: Step 1: Introduction to Closing Entries:The balances of temporary accounts are transferred to…

Q: [10 points] The following data are for the month of July for the Flex-7824 Company: Sales quantity…

A: Step 1: Determine the Actual Sales Quantity Actual sales quantity: 15,000 unitsStep 2: Determine the…

Q: None

A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…

Q: While James Craig and his former classmate Paul Dolittle both studied accounting at school, they…

A: Step 1: Calculate Gross ProfitGross Receipts or Sales: $1,100,000Cost of Goods Sold: $51QOOOGross…

Q: What is the Macaulay duration of a $1 per year annuity-immediate payable for 10 years based on an…

A: Step 1:This is calculated as (1*1 / (1+0.05) + 2*1 / (1+0.05)^2 + ... + 10*1 / (1+0.05)^10) /…

Q: None

Q: Please Provide Answer

A: 26. To determine the depreciation for the first and second years using the double-declining-balance…

Q: Tidal Wave is considering purchasing a water park in Fort Worth, Texas, for $2,100,000. The new…

A: Requirement 1:(a) Compute the payback period (in years).The payback period is the time it takes for…

Q: None

A: Here's how to calculate the total sum of the businessman's payments:1. Compound Interest:Since the…

Q: A6

Q: Please Provide Correct answer

A: The total stockholders' equity can be calculated by subtracting the total liabilities from the total…

Q: Provide 10, 11 and 12 Question answer please all otherwise I give negative

A: Question : 10 AnswerStep 1: Introduction to Taxable Income of a Corporation:Taxable income refers to…

Q: Provide Correct Answer please

A: Approach to solving the question: Analyze the question. Detailed explanation:When Rush Corporation…

Q: True or False: In calculating gross profit, sales revenue is first adjusted for sales returns,…

A: In accounting, gross profit is calculated as the difference between sales revenue and the cost of…

Q: None

A: Therefore, the consolidation entry to reverse Cheap Camera's recognition of Worldwide Photo's income…

Q: typing clear no chatgpt used i will give 5 upvotes

Q: Provide Answer With Option Explanation

A: Step 1: - Step 2: Step 3: Step 4:

Q: Presented below is information related to equipment owned by Novak Company at December 31, 2025.…

A: To calculate the impairment of an asset, take the carrying value of the asset (its historical cost…

Q: The following data from the just completed year are taken from the accounting records of Mason…

A: Underapplied overhead cost's most common treatment is to close it to cost of goods sold.

Q: Question 2: Form of Business Kate Brown has operated her small repair shop as a sole proprietorship…

A: b. Should Brown incorporate? Discuss. No, Kate Brown should not incorporate her business as it…

Q: A9

Q: FootWorks purchases shoes for $28 each pair and sells them at a regular price of $44 each pair. a.…

A: Given:Cost price per pair = $28Selling price per pair = $44Profit per pair = $5.25Overhead expense…

Q: The following table contains information about four projects in which Reynolds Corporation has the…

A: Step 1:1st requirement is as follows: (a)(b)(c)(d)(e) Net Present ValueProfitability IndexInternal…

Q: please step by step solution.

A: 1. Variable Costing:a. Unit Product Cost:Year 1:Total variable cost per unit = Direct materials +…

Q: You sell one Hewlett Packard August 50 call contract and buy one HewlettPackard August 50 put…

A: First, let's understand the question. We are dealing with options contracts here. A call option…

Q: At September 1, 2010, Kern Enterprises reported a cash balance of $45,000. During the month, Kern…

A: The problem states that Kern Enterprises reported a cash balance of $45,000 at the beginning of…

Q: Ivanhoe Incorporated had the following transactions involving current assets and current liabilities…

A: Approach to solving the question:To solve this problem, we need to calculate the current ratio for…

Q: please step by step solution.

A: Step 1:Step 2:Step 3: Step 4:

Q: None

A: Step 1:- Step 2: Step 3: Step 4:

Q: A company issued 12% bonds, dated January 1, with a face amount of $620 million on January 1, Year…

A: To determine the cash flow amounts related to the bonds for the year ended December 31, Year 1, we…

Q: Additional Information: Opening inventory worth shs 4.5 million was stolen from the store but…

A: Trading Account for Malaika Trading LtdFor the Year Ending 31 December 2023 Sales ( Including…

Q: During the month of March, Sandhill Company's employees earned wages of $79,000. Withholdings…

A: Net Wages Payable = Total Wages - DeductionsNet Wages Payable = $79,000 - ($6,044 + $13,100 + $5,500…

Q: Provide Answer Fast With Correct Answer

A: 1. Calculate Equity to Assets Ratio: The Debt to Assets ratio is given as 45.0%. Hence, Equity to…

Q: provide the answer without fails please f

A: First, we need to calculate the total raw materials used in production. This is done by adding the…

Q: A8

A: Given information, Annual net cash flows = $56,100Initial investment = $336,600 Calculate the cash…

Q: If you find a source online, there are many red flags that might suggest the source is not reliable.…

A: It is a .org site: This is NOT one of the potential red flags that suggest the source is not…

Q: Give me Answer all

A: Answer to Q-25 Cash Flow: The movement of cash or money in and out of the organization is termed…

Q: K Gerogi Company had the following balances for income from continuing operations and pretax gains…

A: Part 2: ExplanationStep 1: Calculate income from continuing operations after taxIncome from…

Q: None

A: HIRAYAMA INDUSTRIES INC.Statement of Cash FlowsFor the Year Ended December 31,…

Q: Lin Vu has $100,000 in an investment paying 9 percent taxable interest per annum. Each year Vu…

A: Step 1:

Q: Exercise 13-4 (Algo) Prepare a Statement of Cash Flows [LO13-1, LO13-2] The following changes took…

A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…

Q: determine cash flows:

A: Answer: Projected Sales RevenueAnnual sales: 7,400 unitsSelling price per unit: $40Annual sales…

Q: Blossom Company issued $700,000, 9-year bonds. It agreed to make annual deposits of $75,500 to a…

A: Step 1: Step 2: Step 3: Step 4:

Q: please step by step solution.

A: As a seasoned tax expert, I can provide insights into the tax implications of Eddie Enterprise Ltd's…

Q: None

A: Wilma's Tax Liability Calculation Unrecaptured Section 1250 Gain:Amount: $3,000Tax Rate: 12% Capital…

Q: None

A: For the maturity dates, we have to count from the date of note until we complete the term. In…

Q: What is the NPV, payback period, and internal rate of return for Project A.

A: Key references: General Finance

Q: am. 115.

A: The variable overhead spending variance is a measure of cost control. It compares the actual…

Q: correct option provide

A: Step 1: Activity-Based Factory Overhead:The activity-based factory overhead is the manufacturing…

Question

Captain Kurt's Enterprises has a receivables turnover rate of 12.8, a payables turnover rate
of 11.9, and an inventory turnover rate of 15.6. What is the length of the firm's operating
cycle?
a. 24.89 days
b. 39.80 days
c. 51.92 days
d. 62.56 days
e. 83.77 days

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Keith Corporation has an accounts receivable turnover ratio of 3.4. What is the firm’s average collection period? a. 55 days b. 106 days c. 102 days d. 70 days
The net sale of a company is estimated to be SAR 384,000. How much will be the accounts receivable turnover ratio for the period if the average account receivables are SAR 32,000? O a. 12 O b. 11 O c. 15 O d. 6
A company has net sales of $489,600 and average accounts receivable of $40,800. What is its accounts receivable turnover? a. 0.08 c. 1,341.00 e. 111.78 b. 30.41 d. 12.00
poets inc., has an accounts recevable turnover ratio of 14.50x. what is poets days sales in AR?
A company reports the following: Sales Average accounts receivable (net) Determine (a) the accounts receivable turnover and (b) number of days' sales in receivables. Round your answers to one decimal place. Assume a 365- day year. a. Accounts receivable turnover $398,580 76,650 b. Number of days' sales in receivables days
MDTB Company provided the following information: Net accounts receivable, beginning P 900,000 Net accounts receivable, ending 1,000,000 Accounts receivable turnover 5 to 1 Inventory, beginning 1,100,000 Inventory, ending 1,200,000 Inventory turnover 4 to 1 Required: What is the gross margin for the current year? |
A. Assume that all sales are on account. If sales revenue was $18,000,000 and the average days in accounts receivable was 38 days for the last operating year, what would the average accounts receivable balance have been? a. $1,680,000 b. $1,500,000 c. $1,875,000 d. $18,000,000 B. If accounts receivable is projected to be $800,000 at the beginning of the next operating year and $1,100,000 at the end of the next operating year: would cash be generated by accounts receivable or needed to fund accounts receivable? And, by how much? a. $300,000 of cash needed to fund accounts receivable b. $1,100,000 of cash needed to fund accounts receivable c. $500,000 of cash needed to fund accounts receivable d. $300,000 of cash generated by accounts receivable
A company reports the following: Sales $838,040 Average accounts receivable (net) 51,100 Round your answers to one decimal place. Assume a 365-day year. a. Determine the accounts receivable turnover. b. Determine the number of days' sales in receivables.
An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable. Sales = $93,398Cost of Goods Sold (COGS) = $36,052Cash Cycle = 22 daysOperating Cycle = 86 daysAccounts Receivable Period = AR Period = Average Collection Period (ACP) = 40 daysWhat is the company's Accounts Payable balance?
A company reports the following: Line Item Description Amount Sales $235,060 Average accounts receivable (net) 51,100 Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year. Line Item Description Answer a. Accounts receivable turnover b. Days' Sales in Receivables
A company reports the following: Sales Average accounts receivable (net) $511,000 73,000 Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
If Hot Corporation has a balance in account receivable of P80,000, total assets of P520,000, credit sales of P360,000, and current liabilities of P60,000. Assuming a 360-day year, what is the receivable turnover and average collection period, respectively?a. 4.5; 80 d. 6.0; 60b. 6.5; 55.38 e. 8.67; 41.38c. 1.44; 250