Clay’s Forging at Canal Fulton wants to determine its inventory management performance during its past year of operations. Refer to the following information provided by the company:
Inventory on hand at beginning of the year = $273,000
Inventory on hand at end of the year = $290,000
Annual cost of goods sold = $1,790,000
Average annual accounts receivable = $45,500
Annual credit sales = $102,000
Beginning-of-year accounts payable = $227,500
End-of-year accounts payable = $316,200
Total annual purchases = $1,575,000
Based on the above information, calculate the inventory days of supply (IDS).
Based on the above information, calculate the days of receivables outstanding (DRO).
Based on the above information, calculate the days of payables outstanding (DPO).
Based on the above information, calculate the cash-to-cash cycle time (CCCT).