Fin 571 Final Exam Latest Question Answers Essay

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FIN 571 Final Exam Multiple Choice Question 51 You are provided the following working capital information for the Ridge Company: |Ridge Company | |Account |$ | | | | |Inventory |$12,890 | |Accounts receivable |12,800 | |Accounts payable |12,670 | | | | |Net sales |$124,589 | |Cost of goods sold |99,630 | Cash conversion cycle: What is the cash conversion cycle for Ridge Company? • 38.3 days • 46.4 days • 83.5 days • 129.9 days Complete Answers here FIN 571 Final Exam Multiple Choice Question 58 The cash conversion cycle • begins when the firm uses its cash to purchase raw materials and ends when the firm collects cash payments on its credit sales. • estimates how long it takes on average for the firm to collect its outstanding accounts receivable balance. • shows how long the firm keeps its inventory before selling it. • begins when the firm invests cash to purchase the raw materials that would be used to produce the goods that the firm manufactures. Multiple Choice Question 30 Payout and retention ratio: Drekker, Inc., has revenues of $312,766, costs of $220,222, interest payment of $31,477, and a tax rate of 34 percent. It paid dividends of $34,125 to shareholders. Find the firm's dividend payout ratio and retention ratio. • 85%, 15% • 55%, 45% • 15%, 85% • 45%, 55% Click here and download FIN 571 Multiple Choice Question 75 Firms that achieve higher growth rates without seeking external financing • are
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