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Financial Analysis and Personal financial planning

September 21, 2017

| Accounting Papers, Business Papers, Finance

Financial Analysis and Personal financial planning Question 1: The Boyles, Tom and Louise, have one child Thelma, and Louise is pregnant, about to deliver twins. Thelma just turned one year old. College tuition is currently $10,000 per year. Inflation has been about 3% per year; however college tuition is expected to increase at 6% per […]

Finance

September 21, 2017

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| Finance

Finance Christie Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Christies 2015 sales (all on credit) were $150,000; its cost of goods sold is 80% of sales; and it earned a net profit of 6%, or $9,000. It turned over its […]