13.I.R. Ruth, Inc. has an inventory turnover rate of 16.59, an accounts payable period of 51 days, and an accounts receivable period of 34 days. What is the length of the cash cycle?

A.-2 days

B.5 days

C.8 days

D.13 days

14.Natural Woods has a 60 day accounts payable period. The firm has expected sales of $3,200, $3,800, $4,600, and $4,800, respectively, by quarter for the next calendar year. The cost of goods sold for a quarter is equal to 60% of the next quarter sales. What is the amount of the projected cash disbursements for accounts payable for the third quarter of the next year? Assume that a year has 360 days.

A.$2,880

B.$3,280

C.$3,360

D.$2,800

15.Your firm sells $6,000 worth of goods in December, $4,700 worth in January, $5,100 in February, and $5,800 in March. Your cost is 65% of your selling price. You have a receivables period of 30 days and a payables period of 60 days. You buy your products one month prior to selling them. How much will you pay on your accounts payable in February?

A.$3,165

B.$3,315

C.$3,543

D.$3,055

16.ALPHA, Inc. sells all of its products on credit. Purchases are 60% of the sales for the following quarter. The firm uses a 365-day year and account averages where applicable in its computations.

The financial manager of the firm provides the following relevant information:

Accounts receivable period 37 days Inventory period 51 days Accounts payable period 42 daysAccount Quarter I Quarter 2 Quarter 3 Quarter 4 Sales $7.000 $6.000 $8,000 $9,000 Wages $2.000 $1,500 $2.000 $2.500 Overhead expenses $500 $400 $500 $600 Dividends $125 $125 $125 $125 Interest expense $350 $150 $200 $300Average value of each cheque deposited $1,005.00 Average number of cheques deposited each day 36 Variable lockbox fee on each transaction $0.35 Daily interest rate on money market securities 0.02% Average reduction in clearing time 2 days