attached is the assignment I need help with. Let me know if you have any questions.

1.) The Greek Connection had sales of $33.3million and a cost of goods sold of $13.3million in 2015. A simplified balance sheet for the firm appears below: THE GREEK CONNECTION Balance Sheet as of December 31, 2015 (thousands of dollars) Assets Liabilities and Equity Cash 2,173 Accounts payable $1,581 Accounts receivable 3,941 Note Payable 1,000 Inventory 1,179 Accurals 1,220 Total current assets 7,293 Total current liabilities $3,801 Net plant, property, and equipment 8,500 Long Term Debts 3,000 Total assets 15,793 Total Liabilities 6,801 Common equity 8,992 Total liabilities and equity 15,793 a. Calculate The Greek Connection's net working capital in 2015. b. Calculate the cash conversion cycle of The Greek Connection in 2015. c. The industry average accounts receivable days is 30 days. What would the cash conversion cycle for The Greek Connection have been in 2015 had it matched the industry average for accounts receivable days? 2.) Assume the credit terms offered to your firm by your suppliers are 2.7/5 Net 30. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 30. 3..) Your supplier offers terms of 1.6/12, Net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45? 4.) The Fast Reader Company supplies bulletin board services to numerous hotel chains nationwide. The owner of the firm is investigating the benefit of employing a billing firm to do her billing and collections. Because the billing firm specializes in these services, collection float will be reduced by 18days. Average daily collections are $1,300, and the owner can earn 8% annually (expressed as an APR with monthly compounding) on her investments. If the billing firm charges $350 per month, should the owner employ the billing firm? The benefits are $ 5.) Sailboats Etc. is a retail company specializing in sailboats and other sailing-related equipment. The table shown here, contains financial forecasts as well as current (month 0) working capital levels. During which month is the firm's change in net working capital the greatest? When does it have surplus cash? ($000) 0 1 2 3 4 5 6 Net Income Depreciation Capital Expenditures Levels of Working Capital Accounts Receivable Inventory Accounts Payable $9.61 2.09 1.12 $2.09 $2.99 2.97 2.04 $12.12 $14.86 $24.58 $29.79 $18.27 2.95 3.06 4.06 5.03 3.96 0 0 1.15 0 0 $4.03 1.95 2.04 $5.02 4.09 2.04 $7.06 5.08 2.04 $10.09 $5.95 5.07 4.06 2.06 2.04 2.04 2.04 , We calculate the changes in net working capital for the firm:(Round to two decimal places.) 0 Change in accounts receivable Change in inventory Change in accounts payable Change in net working capital 1 $ $ $ $ 6.) Quarterly working capital levels for your firm for the next year are included in the following table. What are the permanent working capital needs of your company? What are the temporary needs? Quarter 1 2 3 4 (000 ) Cash $100 $100 Account Receivable 200 104 Inventory 199 Accounts Payable 97 496 104 $100 $100 100 605 896 46 103 103 7.) Hand-to-Mouth (H2M) is currently cash-constrained, and must make a decision about whether to delay paying one of its suppliers, or take out a loan. They owe the supplier $12,000 with terms of 2.2/10 Net 40, so the supplier will give them a 2.2% discount if they pay by today (when the discount period expires). Alternatively, they can pay the full $12,000 in one month when the invoice is due. H2M is considering three options: Alternative A: Forgo the discount on its trade credit agreement, wait and pay the full $12,000 in one month. Alternative B: Borrow the money needed to pay its supplier today from Bank A, which has offered a onemonth loan at an APR of 11.7%. The bank will require a (no-interest) compensating balance of 4.8% of the face value of the loan and will charge a $105 loan origination fee. Because H2M has no cash, it will need to borrow the funds to cover these additional amounts as well. Alternative C: Borrow the money needed to pay its supplier today from Bank B, which has offered a onemonth loan at an APR of 14.9%. The loan has a 0.6% loan origination fee, which again H2M will need to borrow to cover