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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

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.

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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%

Multiple Choice Question 75

Firms that achieve higher growth rates without seeking external financing

· are highly leveraged

· none of these

· have less equity and/or are able to generate high net income leading to a high ROE

· have a low plowback ratio.

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Multiple Choice Question 67

The strategic plan does NOT identify

· working capital strategies

· the lines of business a firm will compete in