1-Assume you skip the discount and pay at the end of the net period for the following credit terms: 1/10, net 22. Calculate the APY for the trade credit.

2- Mowhawk Corp is interested in examining its cash conversion cycle. Suppose a manager has assembled the following data for your use.: 1 million in inventory, 0.8 million in accounts receivables, 0.4 million in accounts payable, 0.15 million in wages, benefits, and payroll taxes payable, 30 million in sales, 10 million in cost of sales and 1.5 million in selling general and administrative expenses. What is the cash conversion period?