Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $3,207,500 (all on credit), and its net profit margin was 5%. Its inventory turnover was 7.5 times during the year, and its DSO was 40 days. Its annual cost of goods sold was $1,875,000. The firm had fixed assets totaling $562,500. Strickler's payables deferral period is 46 days. Assume a 365-day year. Do not round intermediate calculations. Required:
a. Calculate Strickler's cash conversion cycle.
b. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover.
c. Calculate its ROA.
d. Suppose Strickler's managers believe that the inventory turnover can be raised to 9 times without affecting sales and cost of goods sold. What would Strickler's cash conversion cycle have been if the inventory turnover had been 9 for the year?
e. What would Strickler's total assets turnover have been if the inventory turnover had been 9 for the year?
f. What would Strickler's ROA have been if the inventory turnover had been 9 for the year?

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Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years