Expected sales in the forthcoming year is $50,00. The firm plans to stick 3 point to the following policies towards the working capital; Debtors would be maintained at 30 days of sales, Creditors would be maintained at 30 days of cost of sales and Inventories would be maintained at 30 days of cost of sales. Assume that the firm wants to keep Working capital sufficient to finance Expected Credit Sales for the length of the Cash Cycle, how much working capital would the firm need? Consider 365 as the number of days in an year for you cycle calculations. (Select the option closest to the answer). 509 411 352 398 426 487 27 E If the firm has excess liquidity, its shareholders consist of High Networth Individuals sunjected to the highest income tax rates, its ROE is very low compared to the peers, the firm should (Select the most appropriate option) Give cash dividend Give dividend in kind Give bonus shares Give buyback option Hold on to the cash