13. Calculate days DSO, DIOH and DPO on hand based on the following information: DSO...
70.2K
Verified Solution
Link Copied!
Question
Accounting
13. Calculate days DSO, DIOH and DPO on hand based on the following information: DSO _______________ DIOH _______________ DPO _______________
Basic facts annual (first year of operation): - Sales $365,000 - Accounts receivable at year end $60,000 - Cost of sales $182,500 - Inventory at year end $25,000 - Accounts payable at year end $22,500
14. What is the cash conversion cycle based on the data in question
15. If you add 5 days to the DSO, DIOH, and DPO based on the data in question 13 and the standard CCC is as calculated in question 13 what is the CCC $ variance: ______________
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!