Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1, Robius Corp. is working to minimizing its working capital. A preliminary report shows that Robius has 25.62 days of sales outstanding, 56.76 days of

1, Robius Corp. is working to minimizing its working capital. A preliminary report shows that Robius has 25.62 days of sales outstanding, 56.76 days of sales in inventory, and 42.28 days of payables outstanding. How many days is Robius' cash conversion cycle? Round to two decimal places (Ex. 0.00).

2, What is the cost of an unsecured bank loan of $400,000 with a 17% compensating balance and interest rate of 9% per year, borrowed for 180 days? The loan requires discounted interest. Assume a 360 day year. Submit your answer as a percentage and round to two decimal places (Ex. 0.00%).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Building The High Performance Finance Function

Authors: André De Waal , Eelco Bilstra ,Jacques Bootsman

1st Edition

1799869296,1799869326

More Books

Students also viewed these Finance questions