1.Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days

a. 34 days

b. 46 days

c. 31 days

d. 38 days

e. 42 days

2.Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle?

a. 63 days b. 74 days c. 67 days d. 78 days e. 70 days

Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? a. 33.39% b. 30.35% c. 27.59% d. 25.09% e. 36.73%