A)Libscomb Technologies' annual sales are $5,376,587 and all sales are made on credit, it purchases $3,191,577 of materials each year (and this is its cost of goods sold). Libscomb also has $586,252 of inventory, $525,395 of accounts receivable, and beginning and ending of year $451,117 and $401,936 accounts payables (respectively). Assume a 365 day year.

What is Libscombs Cash Cycle (in days)?

B)Mahrouq Technologies buys $17,341,625 of materials (net of discounts) on terms of 1/30, net 60, and it currently pays within 30 days and takes discounts. Mahrouq plans to expand, and this will require additional financing. If Mahrouq decides to forego discounts and thus to obtain additional credit from its suppliers, calculate the nominal cost of that credit.

C)Mavericks Cosmetics buys $3,728,550 of product (net of discounts) on terms of 2/10, net 60, and it currently pays on the 10th day and takes discounts. Mavericks plans to expand, and this will require additional financing. If Mavericks decides to forego discounts, what would the effective percentage cost of its trade credit be, based on a 365-day year?