Working Capital Exercise

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Noodles & Co – Liquidity and Operating Cycle Analysis - Q3 2017
Beginning of quarter 7/4/2017 Days sales outstanding 1.8
End of quarter 10/3/2017 Inventory days 30.3
Days in period 91 Operating cycle 32.1
Days payable 29.5
Balance sheet items Cash conversion cycle 2.6
Cash and marketable securities 2,088
Accounts receivable 2,268 Current ratio 0.6
Inventory 9,965 Quick ratio 0.1
Current assets 21,757
Accounts payable 9,718
Current liabilities 38,415

Income statement items

Total revenue 114,211
Cost of sales 29,955