Im pretty sure its C
hope this helps best of luck :)
Answer:
the balance sheet is missing:
Balance Sheet (In millions of Dollars)
ASSETS
Cash $6.0
Accounts Receivable 14.0
Average Inventory 12.0
Fixed Assets, net 40.0
TOTAL ASSETS $72.0
LIABILITIES AND EQUITY
Accounts Payable $10.0
Salaries and Benefits Payable 2.0
Other current Liabilities 10.0
Long-term debt 12.0
Equity 38.0
TOTAL LIABILITIES AND EQUITY $72.0
a. Determine the length of the inventory conversion period.
- inventory conversion period = average inventory / (COGS/365) = 73 days
b. Determine the length of the receivables conversion period.
- receivables conversion period = accounts receivables / (net sales/365) = 51.1 days
c. Determine the length of the operating cycle.
- length of operating cycle = 73 + 51.1 = 124.1 days
d. Determine the length of the payables deferral period.
- length of the payables deferral period = accounts payables / (COGS/365) = 60.83 days
e. Determine the length of the cash conversion cycle.
- cash conversion cycle = 73 + 51.1 - 60.83 = 63.27 days
f. What is the meaning of the number you calculated in Part e?
- How long does it take to turn inventories into cash, it is a measure of asset liquidity.
Total No of Units=12600+23400
=36000 units
Ski=12600/36000=35%
Snorkel=23400/36000=65%
Answer: financial aid mostly
Explanation:
If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.
<h3>Variable expense ratio</h3>
Using this formula
Variable expense ratio=Total variable expense /Total sales
Let plug in the formula
Variable expense ratio=$245,050/ $845,000
Variable expense ratio=0.29×100
Variable expense ratio=29%
Therefore If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.
Learn more about variable expense ratio here:brainly.com/question/24161829
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