(16 points, 4 points each part) Problem 2 MUST SHOW YOUR WOR…

Written by Anonymous on April 7, 2026 in Uncategorized with no comments.

Questions

(16 pоints, 4 pоints eаch pаrt) Prоblem 2 MUST SHOW YOUR WORK Use the tаble for the question(s) below.   Malik Industries had sales of $780 million and a cost of goods sold of $440 million in 202X. A simplified balance sheet for the firm appears below:                                                       Malik Industries                                                       Balance Sheet                                              As of December 31, 202X                                                  (millions of dollars)   Assets     Liabilities and Equity   Cash 35   Accounts payable 80 Accounts receivable 155   Notes payable 450 Inventory 90   Accruals 70 Total current assets 320   Total current liabilities 600 Net plant, property, and equipment 6100   Long term debt 2925 Total assets 6650   Total liabilities 3475       Common equity 3125       Total liabilities and equity 6650   a.  Calculate Malik's Inventory Days Held    b. Calculate Malik’s Days Sales Outstanding    c. Calculate Malik’s Days Payable Outstanding    d. Calculate Malik’s cash conversion cycle  

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