Fireside Inc. has the following data. What is the firm's cash conversion cycle? ( Please Show Work) Inventory conversion period 38 days
Average collection period 19 days
Payables deferral period 20 days

37 days

Explanation:

Fireside incorporation has the following data

Inventory conversion period = 38 days

Average collection period = 19 days

Payables deferral period = 20 days

Therefore the firm's cash conversion cycle can be calculated as follows

= 38 days + 19 days - 20 days

= 57 days - 20 days

= 37 days

Hence the firm's cash conversion cycle is 37 days

answer; (b) insider trading;

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"