1. Based on the following selected financial information for NORG Limited, calculate the firms cash conversion cycle (in days).

• Revenues: $178,000
• Cost of Goods Sold: $145,000
• Receivables: $ 25,000
• Payables: $ 23,000
• Inventory: $ 40,061

2.

In a particular year, Aggie Mutual Fund earned a return of 15% by making the following investments in the following asset classes:

	Weight	Return
Bonds	10%	6%
Equity	90%	16%

The return on a fictious portfolio was 10%, calculated as follows:

	Weight	Return
Bonds (Benchmark Index)	50%	5%
Equity (Benchmark Index)	50%	15%

Calculate the contribution of asset allocation across markets to the total excess return (in %).