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(Answered) The Hamlin Corporation: Working Capital Management, Ratios and Cash Conversion Cycle


The Hamlin Corporation has an inventory conversion period of 57 days, a receivables collection period of 35 days, and a payables deferral period of 25 days. Its annual credit sales are $5,000,000, and its annual credit purchases are $3,500,000.;a. What is the length of the firm's cash conversion cycle?;b. What is the firm's investment in accounts receivable?;c. What is the firm's level of accounts payable?;d. Calculate the company's inventory turnover ratio.;e. Identify three ways in which the company could reduce its cash conversion cycle? What are possible risks in reducing it?
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The Hamlin Corporation: Working Capital Management, Ratios and Cash Conversion Cycle

 


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