Quiz – Second Chance Gaming Inventory Turnover Rate
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition
Calculate the inventory turnover rate for Second Chance Gaming that consistently sells out.
Calculate the inventory turnover rate for Second Chance Gaming that consistently sells out.
Determine the amount the company should report as a noncurrent item related to deferred income taxes in its balance sheet.
Calculate the short-term loan balance for Steep Mountain Oil at the end of Q2, considering the initial cash balance, net cash flows for Q1 and Q2, minimum cash balance requirement, and quarterly interest payments.
Calculate the average number of days it takes for The Appliance Giant to collect its accounts receivable, given the annual credit sales of Johnson Inc., the cost of goods sold, and the average accounts receivable balance.
Calculate the average accounts payable balance at Cash and Grab Market, based on the given information about the company’s annual sales, cost of goods sold, profit margin, and accounts payable period.
Calculate the amount expected to be collected by The Brown Squirrel in May, given the estimated sales for January through May and the accounts receivable period.
Calculate the total amount The Grain and Feed Store will owe its suppliers at the end of Quarter 3, based on the given sales data and payment periods.
Calculate the expected accounts receivable balance at the end of the third quarter for The Green Pickle, given estimated quarterly sales for each quarter and an accounts receivable period. Assume each month has 30 days.
Calculate the amount of July collections for The Lumber Yard, based on the projected sales for April through July, and the firm’s collection percentages for each month.
Determine the new cash cycle of The Shoe Tree, given its current operating cycle, cash cycle, and planned changes to the inventory, receivables, and accounts payable periods.