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FIN571 FIN/571 WEEK 3 QUIZ (WileyPlus Week 3 Quiz.)
Category : Business
Posted on 10/24/2014 at 7:49:33 PM
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FIN571 FIN/571 WEEK 3 QUIZ (WileyPlus Week 3 Quiz.) 100% Answer
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Posted on 10/24/2014 at 7:49:33 PM
Posted By : Bestmind
Q.1 You are provided the following working capital information for the Ridge Company: Ridge Company Account $ Inventory $12,890 Accounts receivable 12,800 Accounts payable 12,670 Net sales $124,589 Cost of goods sold 99,630 Operating cycle: What is the operating cycle for Ridge Company? 51 days 47 days 85 days 36 days Q.2 The operating cycle Ends not with the finished goods being sold to customers and the cash collected on the sales; but when you take into account the time taken by the firm to pay for its purchases. Begins when the firm uses its cash to purchase raw materials and ends when the firm collects cash payments on its credit sales.

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