1) Woody Sporting Goods has P4 million in inventory and P2 million in accounts receivable. Its average daily credit sales are P100,000. Its average daily cost of goods sold are P80,000. The company's payables deferral period is 30 days. What is the length of the company's cash conversion cycle?

a)50 days

b)60 days

c)100 days

d)40 days

2)Brock Inc. issues P6,000,000 of commercial paper with a maturity of 6 months at an annual interest rate of 10%. How much should Brock Inc. pay at the end of the 6-month period?

a)7,000,000

b)4,000,000

c)5,500,000

d)6,000,000