Homework answers / question archive / On December 31, 2016, IZZY Corporation presents the following information in its financial statements From the Statement of Financial Position Cash Php 900 000 Accounts Receivables 1 400 000 Inventory 850 000 Prepaid Items 90 000 Accounts Payables 550 000 From the Statement of Comprehensive Income Sales Php 7 800 000 Cost of Sales 5 460 000 Operating Expenses 1 450 000 Financing Charges 150 000   REQUIRED: Compute the following 1

On December 31, 2016, IZZY Corporation presents the following information in its financial statements From the Statement of Financial Position Cash Php 900 000 Accounts Receivables 1 400 000 Inventory 850 000 Prepaid Items 90 000 Accounts Payables 550 000 From the Statement of Comprehensive Income Sales Php 7 800 000 Cost of Sales 5 460 000 Operating Expenses 1 450 000 Financing Charges 150 000   REQUIRED: Compute the following 1

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On December 31, 2016, IZZY Corporation presents the following information in its financial statements

From the Statement of Financial Position

Cash Php 900 000

Accounts

Receivables 1 400 000

Inventory 850 000

Prepaid Items 90 000

Accounts Payables 550 000

From the Statement of Comprehensive Income

Sales Php 7 800 000

Cost of Sales 5 460 000

Operating Expenses 1 450 000

Financing Charges 150 000

REQUIRED: Compute the following

1. Inventory Conversion Period

2 Receivable Collection Period

3. Payable Deferral Period

4. Cash Conversion Cycle