Based on the following information calculate the amount of working capital loan needs:

Days cash = 5 days

Days accounts receivable = 25 days

Days inventory = 28 days

Days accounts payable = 27 days

Days accruals = 12 days

Average daily cost of goods sold = $ 25000

What is the amount of working capital loan needs?

		$539000
		$350000
		$475000
		$175000

A bank has $50 million in common stockholders equity, $200 million in total assets, and $20 million in intangible assets. What is its tangible common equity ratio?

		25%
		16.67%
		20.33%
		15.75%