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7)Hopewell Pharmaceutical balance sheet & income statement

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7)Hopewell Pharmaceutical balance sheet & income statement in millions; assets-cash&marketable securities $1,100, accounts recievable 1,300, inventories* 800, other current assets 200, total current assets $3,400, plant & equipment(net) 2,300, other assets 1,000, total assets $6,700. Liabilities&equity- accounts payable $900, accrued liabilities 300, other current liabilities 700, total current liabilities $1,900, long term debt&other liabilities 1,000, common stock 1,800, retained earnings 2,000, total stockholders equity $3,800, total liabilities&equity $6,700. Income statement in millions; net sales $6,500, cost of sales 1,500, selling, general,&admin.expenses 2,500, other expenses 800, total expenses $4,800, earnings before taxes 1,700, taxes 680, earnings after taxes(net income)$1,020.A)determine cash conversion cycle. B)give interpretation of the value computed in A).
Submitted: 8 years ago.
Category: Homework
Expert:  Neo replied 8 years ago.

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