5 and 6

QUESTION 5 Panama Corp. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round to the nearest whole day. $380,000 Annual sales - Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable = $122,000 $21,500 $11,200 $18,500 O a. 19.1 days O b.20.4 days O c. 19.7 days O d. 18.3 days O e.21.7 days QUESTION 6 5600 is received at the beginning of year 1, $400 is received at the beginning of year 2, and $500 is received at the beginning of year 3. If these cash flows are deposited at 9 percent, their combined future value at the end of year 3 will be O a $1,797 b. $1,690 c. $926 d. $1.776 e $1.728