1.) Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receiva-bles collection period of 44 days, and a payables deferral period of 35 days. If Tauscher's sales are $4,309,028 and all sales are on credit, what is the firm's investment in accounts receivable? (using the convention of 365 days per year)

2.) Howes Inc. purchases $4,562,500 in goods per year from its sole supplier on terms of 3/11, net 58. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit? (Assume a 365-day year.) (Note: Write your answer in percentage format; i.e., write 1% instead of 0.01.)

3.) Taylor Textbooks Inc. buys on terms of 1/13, net 51 days. It does not take discounts, and it typically pays on time, 51 days after the invoice date. Net purchases amount to $510,000 per year. On average, what is the dollar amount of costly trade credit (total credit - free credit) the firm receives during the year? (Assume a 365-day year, and note that purchases are net of discounts.)

3.)hornton Universal Sales' monthly cost of goods sold (COGS) is $1,000,000, and it keeps inventory equal to 40% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period?

I missed some class time and am having trouble answering these last few questions on an online quiz. Any help would be greatly appreciated.

Thanks,