The 2015 and 2016 Balance Sheets for Shadow Industries Showed

question 24

Multiple Choice

The 2015 and 2016 balance sheets for Shadow Industries showed Cash of $7,600 and $9,100 respectively, Accounts Receivable of $16,000 and $18,000, respectively, Inventory of $11,000 and $8,000, respectively, and Accounts Payable of $5,300 and $7,300, respectively. Its 2016 Income Statement showed Net Sales of $103,000, Cost of Goods Sold of $65,000, and Net Income of $30,000. The cash conversion cycle for 2016 was: (Assume all Sales are credit sales. Round any intermediary calculations to two decimal places and your final answer to the nearest day.)

• A)149 days.
• B)28 days.
• C)42 days.
• D)78 days.

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Definitions:

Stereochemical

Pertaining to the spatial arrangement of atoms in molecules and the effect of this arrangement on their chemical behavior.

Regio-

A prefix used in chemistry to describe the region or position in a molecule where a reaction takes place.

3-Methyl-2-butanol

An organic chemical compound, also known as isopentyl alcohol, used in the manufacture of flavors and perfume.

2-Methyl-2-butanol

An organic compound known as a tertiary alcohol, characterized by a branched five-carbon chain structure.