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XieCorp- Cash Conversion Cycle

by | Dec 2, 2023 | Posted Questions

XieCorp- Cash Conversion Cycle

1) XieCorp is analyzing the performance of its cash
management. On average, the company holds inventory 65 days, pays its suppliers
in 35 days, and collects its receivables in 15 days. The firm has a current
annual outlay of $1,960,000 on operating cycle investments. XieCorp currently
pays 10 percent for its negotiated financing. (Assume a 360 day year.) 
(a)
Calculate the firm’s cash conversion cycle (CCC). 
(b) Calculate the firm’s
operating cycle (OC). 
(c) Calculate the daily expenditure and the firm’s annual
savings if the operating cycle is reduced by 15 days.

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