Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 57 days, an average collection period of 45 days, and a payables deferral period of 25 days Assume that cost of goods sold is 80 of sales Assume a 365 day year Do not round intermediate calculations What is the length of the firm's cash conversion cycle Round your answer to the nearest whole number days If annual sales are $4,599,000 and all sales are on credit, what is the firm's investment in accounts receivable Round your answer to the nearest dollar How many times per year does Negus Enterprises turn over its inventory Round your answer to two decimal places Cost of Bank Loan Mary Jones recently obtained an equipment loan from a local bank The loan is for $23,000 with a nominal interest rate of 15 However, this is an installment loan, so the bank also charges add on interest Mary must make monthly payments on the loan, and the loan is to be repaid in 1 year What is the effective annual rate on the loan (assuming a 365 day year) Do not round intermediate calculations Round your answer to two decimal places

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Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 57 days, an average collection period of 45 days, and a payables deferral period

Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 57 days, an average collection period of 45 days, and a payables deferral period of 25 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations.

What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number.

days
If annual sales are $4,599,000 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar.
How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places

Cost of Bank Loan

Mary Jones recently obtained an equipment loan from a local bank. The loan is for $23,000 with a nominal interest rate of 15%. However, this is an installment loan, so the bank also charges add-on interest. Mary must make monthly payments on the loan, and the loan is to be repaid in 1 year. What is the effective annual rate on the loan (assuming a 365-day year)? Do not round intermediate calculations. Round your answer to two decimal places.