1. The terms of the sale were 3/9, net 49. What is the effective annual rate of interest? Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.

2. An analyst has obtained the following information about ABC, Inc.

Sales: $84,301 COGS = $32,586 Accounts Receivables = $13,303 Accounts Payable = $25,899 Inventory = $13,073 Assume 365 days.

What is the Inventory Period? That is, what is the Days Inventory Held?

Enter your answer rounded off to two decimal points.