The Following Information Is Available from Avalon,Inc

question 136

Essay

The following information is available from Avalon,Inc.for the year 2016.
Required: Calculate the following,rounding your answers to one decimal place:
a)Avalon's inventory turnover for 2016.
b)The average number of days to sell inventory for the year.
c)The accounts receivable turnover.
d)The average number of days to collect accounts receivable.
e)Avalon's operating cycle.
f)Avalon's cash flow from sales.

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Definitions:

Demand Function

A mathematical expression that specifies the quantity of a good or service purchased at various prices.

Income

The total money received by an individual or household from various sources like wages, investments, and benefits, over a specified period, often used to fund expenditures.

Price

The price one must pay to obtain a good, service, or asset.

Claret

A term often used in Britain to refer to red Bordeaux wine.