Question
ABC Company Limited has inventory of $2,490, and cost of goods sold of $8,090. The accounts receivable stands at $8,900, the total credit sales
ABC Company Limited has inventory of $2,490, and cost of goods sold of $8,090. The accounts receivable stands at $8,900, the total credit sales are $11,420 and the accounts payable is $4,890. The period is of 365 days. Calculate cash cycle. * 221.21 days 285.15 days 112.65 days 176.59 days You are offered an investment opportunity with the guarantee that your investment will double in 5 years. Assuming annual compounding, what annual rate of return would this investment provide?* 9.2% 18.4% 29.6% 14.8% ABC Company Limited has operating income (EBIT) of $2,250,000. The company's depreciation expense is $450,000, its interest expense is $120,000, and it faces a 40 percent tax rate. What is the company's net income? * 1,680,000 1,278,000 1,728,000 672,000
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