Your Consulting Firm Was Recently Hired to Improve the Performance

question 74

Multiple Choice

Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following information and a 365-day year, what is the firm's present cash conversion cycle? Average inventory = $75,000
Annual sales = $600,000
Annual cost of goods sold = $360,000
Average accounts receivable = $160,000
Average accounts payable = $25,000

• A) 120.6 days
• B) 126.9 days
• C) 133.6 days
• D) 140.6 days
• E) 148.0 days

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Definitions:

Racial Minority Groups

Ethnic groups that are smaller in number within a particular society or nation, often facing disparities in power and privilege.

Dominant Culture

The culture of the most powerful group in society, which often sets norms, values, and expectations widely adhered to.

Sexual Orientation

An individual's pattern of emotional, romantic, or sexual attraction to others, based on the gender(s) of those attracted to.

Homosexual

Describes individuals who are attracted to people of the same gender.