fin 515 week 7
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fin 515
Homework 7
16.1 Cash Management
Williams & Sons last year reported sales of 10 million and an inventory turnover ratio of 2. The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 5 while maintaining the same level of sales, how much cash will be freed up?
Inventory Sales / inventory turnover ratio
10 million/2 5 million
Inventory Sales / inventory turnover ration
10 million / 5 2 million
5 million - 2 million 3 million
16.2 Receivables Investment
Medwig Corporation has a DSO of 17 days. The company averages 3,500 in credit sales each day. What is the company's average accounts receivable?
AR Credit sales per day x...
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