Flexible licensing programs, which allow organizations to pay by usage, have emerged as a solution to this challenge. IT teams are often expected to procure and deploy solutions before they have a full understanding of their needs-and those needs frequently change. With highly distributed users accessing highly distributed applications and a growing number of edges, networks are evolving at an unprecedented rate. FortiFlex is also available beginning today via a private offer in AWS Marketplace as an additional purchasing option.ĭriving Business Value with Usage-Based Licensing FortiFlex already includes a complete suite of virtualized solutions for protecting cloud and virtual data center deployments and now supports services for physical FortiGate next-generation firewall (NGFW) appliances. That’s why we’re excited to expand our FortiFlex program to give customers more licensing options to utilize Fortinet solutions and services according to their evolving needs.”įortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced new product and service additions to its FortiFlex program, delivering even more flexible licensing options to customers. Licensing models should be just as flexible. “The solutions organizations deploy today are becoming more flexible to support highly distributed users and applications. (Round to the nearest dollar.John Maddison, EVP Products and CMO at Fortinet If the firm could reduce the average age of its inventory from 73 days to 63 days, it would reduce its dollar investment in working capital by $_. To calculate the cash conversion cycle, we subtract the average payment period from the operating cycle.Ĭash conversion cycle = Operating cycle - Average payment periodĬ. Operating cycle = Average collection period + Inventory turnover period Inventory turnover period = 1 / Inventory turnover ratio Inventory turnover ratio = Cost of goods sold / Average inventory The inventory turnover ratio is cost of goods sold divided by average inventory. The inventory turnover period is the reciprocal of the inventory turnover ratio, which is 1/inventory turnover ratio. To calculate the operating cycle, we need to add the average collection period to the inventory turnover period. The dollar value of inventory held by the firm is $_.
(Round to the nearest whole number.)Ĭamp's cash conversion cycle, CCC, is _ days. If the firm could reduce the average age of its inventory from 73 days to 63 days, by how much would it reduce its dollar investment in working capital?Ī. What is the dollar value of inventory held by the firm?Ĭ. Calculate the firm's operating cycle and cash conversion cycle.ī. The firm has annual sales of $3.3 million and cost of goods sold of $2.3 million. Changing cash conversion cycle: Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 30 days, and has an average collection period of 60 days.