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stranahan stranahan
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7 years ago
Eagle Paints
   Selected Income Statement Items, 2008
Cash Sales   $2,500,000
Credit Sales   $9,500,000
Total Sales   $12,000,000
COGS   $7,000,000

   Eagle Paints
   Selected Balance Sheet Accounts
   12/31/2008   12/31/07   Change
Accounts Receivable   $550,000   $400,000   $150,000
Inventory   $275,000   $250,000   $25,000
Accounts Payable   $150,000   $110,000   $40,000

Using the information provided, what is the inventory turnover for Eagle Paints? What is the average production cycle for the firm? What is the average collection cycle? What could Eagle Paints do to reduce the average collection cycle?
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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waspchichesterwaspchichester
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7 years ago
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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