1.What is the average age of inventory for Pedro's if it has sales of P320,000, an average inventory of P5,333, and a cash conversion cycle of 20 days? Assume that the cost of sales is 55 percent of sales.

Group of answer choices

6.0 days

15.0 days

13.5 days

10.9 days

2.The portfolio return is computed by the simple average return of the securities that comprise it.

Group of answer choices

True

False