What is the payables turnover ratio for the company, Finance Basics

What is the payables turnover ratio for the company

Suppose you are told that the cash conversion period (CCP) is 12.4 days for a company. Based on a 365-day year, if this company has a receivables turnover of 12x and an inventory turnover of 16.2x, determine the following:

a.) What is the payables turnover ratio for the company?

b.) If the company's average annual accounts payable.

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the payables turnover ratio for the company

Reference No:- TGS0726185

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Experimenter repeats his experiment on a planet

Suppose our experimenter repeats his experiment on a planet more massive than Earth, where the acceleration due to gravity is . When he releases the ball from chin height without giving it a push, how will the ball's behavior differ from its behav

Q : Find probabilty that any one bottle is filled

Find probabilty that any one bottle is filled with more than 251ml. Calculate the value of C for which 95% of the bottles contain a volume in ml between (251-c) and (251+c)

Q : What is the recovery amount attributable to net working

Schroeder Electronics is considering a project which will require the purchase of $5 million in new equipment. The equipment will be depreciated straight-line to a zero book value over the 5-year life of the project.

Q : Create two-sided t-intervals for average resistance

A sample standard deviation of 1.25 ohms. Construct 90% and 95% two-sided t-intervals for the average resistance of all the resistors produced in the run.

Q : What is the payables turnover ratio for the company

Q : Find the capacitance of each capacitor in microfarads

Eight uncharged capacitors with equal capacitances are combined in series. The combination is connected to a 7.45-V battery, which charges the capacitors. The charging process involves 2.37 × 10-4 C of charge moving through the battery. Find

Q : What are tulleys total financing needs for coming year

Tulley Appliances, Inc. projects next year's sales to be $20 million. Current sales are at $15 million, based on current assets of $5 million and fixed assets of $5 million.

Q : Find the temperature at the midpoint of the rod

A horizontal aluminum rod, 1 cm in diameter and 10 cm long, has both ends maintained at 363 K. Find the temperature at the midpoint of the rod.

Q : Find the minimum linear speed with which the ball moves

Ignoring the thickness of the blades, find the minimum linear speed with which the ball moves along the ground, such that the ball will not be hit by the next blade.

1939435

Questions
Asked

3,689

Active Tutors

1427953

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the payables turnover ratio for the company

Reference No:- TGS0726185

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Experimenter repeats his experiment on a planet

Q : Find probabilty that any one bottle is filled

Q : What is the recovery amount attributable to net working

Q : Create two-sided t-intervals for average resistance

Q : What is the payables turnover ratio for the company

Q : Find the capacitance of each capacitor in microfarads

Q : What are tulleys total financing needs for coming year

Q : Find the temperature at the midpoint of the rod

Q : Find the minimum linear speed with which the ball moves

Monitoring the client for signs of withdrawal

Reviewing health record of a client with laryngeal cancer

Create a life map of meaningful events of your adolescence

Analyze the characters life journey in reverse

Does someone like mother teresa count as moral exemplar

In what ways human resources leveraged ai to recruit

Why advanced practice nurses must be equipped

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the payables turnover ratio for the company

Reference No:- TGS0726185

Recent Questions Asked Finance Basics

Q : Experimenter repeats his experiment on a planet

Q : Find probabilty that any one bottle is filled

Q : What is the recovery amount attributable to net working

Q : Create two-sided t-intervals for average resistance

Q : What is the payables turnover ratio for the company

Q : Find the capacitance of each capacitor in microfarads

Q : What are tulleys total financing needs for coming year

Q : Find the temperature at the midpoint of the rod

Q : Find the minimum linear speed with which the ball moves

Asked Questions