fin222 week10 tutorial.docx - 1 Simpson Boats has accounts...

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1 Simpson Boats has accounts payable days of 20, inventory days of50 and accounts receivable days of 30. What is its operating cycle?
2 FastChips Semiconductors has inventory days of 75, accountsreceivable days of 30 and accounts payable days of 90. What is itsCCC?
3 Northerly Industries has the following financial information. Whatis its CCC?
6 The Russian Connection had sales of $32 million in 2016, and a costof goods sold of $20 million. A simplified balance sheet for the firmappears below:
a. Calculate the Russian Connection’s net working capital in 2016. b. Calculate the CCC of The Russian Connection in 2016. c. The industry average accounts receivable days is 30 days—whatwould the CCC for The Russian Connection have been in 2016 had itmatched the industry average for accounts receivable days (seeMyLab Finance for the data in Excel format)?

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