Current Year & Prior Year
Acc. Payable, EOY: $9,023 & $12,968
Acc. Receivable, net, EOY: $29,905 & $18,752
Inventory, EOY: $11,324 & $10,815
Net Sales: $163,000 & $110,000
Cost of Goods Sold: $79,000 & $116,000

Use the information above to compute the number of days in the cash conversion cycle for each year. ?
Cash Conversion Cycle in Days:

Jaynet spends $30,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $85,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 40 paintings per year at a price of $4,000 each:

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.

Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task