补充练习流动资产管理与流动负债管理.pptVIP

补充练习 流动资产管理与流动资产融资 Average collection period (or DSO) Carroll Construction has annual sales of $730,000, and it has $100,000 of accounts receivable. Based on a 365-day year, what is Carrolls average collection period (or DSO)? a. 50 days b. 52 days c. 54 days d. 56 days e. 58 days Improving credit policy McNally Inc. has sales of $1,000,000 per year, all on credit terms calling for payment within 30 days, and its accounts receivable are $200,000. How much capital would be released if McNally could take actions that caused all of its customers to make on-time payments, without affecting sales, i.e., by how much would its accounts receivable decline? a. $117,808 b. $129,945 c. $135,145 d. $141,546 e. $153,467 Nominal cost of trade credit Miller Technologies buys $800,000 of materials (net of discounts) on terms of 3/5, net 60, and it currently pays after 5 days and takes discounts. Miller plans to expand, and this will require additional financing. If Miller decides to forego discounts and thus to obtain additional credit from its suppliers, what would the nominal cost of that credit be? a. 19.45% b. 20.06% c. 20.52% d. 20.98% e. 21.44% Working capital requirements The Griswold Co. produces 1,500 batteries per day at a cost of $6 per battery for materials and labor. It takes the firm 22 days to convert raw materials into a battery and make a sale. Griswold allows its customers 40 days in which to pay for the batteries, and the firm pays its suppliers in 30 days. Under these conditions, what is the dollar amount of working capital Griswold must finance? a. $288,000 b. $295,000 c. $301,000 d. $307,000 e. $313,000 Inventory management Which of the following is generally true of firms that manage their inventories efficiently? a. They have a relatively low inventory turnover ratio. b. They have a relatively large number of production disruptions. c. They have a relatively low total assets turnover ratio. d. They have a relatively high cash conversion cycle. e.