11. Pelican Corporation receives a ten-month $200,000 discount interest loan with a 14 percent quoted (simple) interest rate. What is the annual percentage interest rate for the loan? (Round your answer to two decimal places.) a. 15.54% b. 14.96% c. 15.85% d. 16.08% e. 14.75% 12. The following information relates to Dane Corporation. Inventory conversion period Days sales outstanding Days payables outstanding The cash conversion cycle of the company is: 55.8 days 23.9 days 32.5 days a. 56.4 days. b. 112.2 days. c. 79.7 days. d. 64.4 days e. 47.2 days