1. Inmoo Companys average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle?
2. What is the effective rate on an 8% discounted loan subject to a 20% minimum compensating balance?
3. What is the effective rate on an 8% loan subject to a 15% minimum compensating balance?

1. For the Prince Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assume a 365-day year. If Prince's annual sales are P936,000, what is the firm's average accounts receivable balance?
2. In a P28,591,650 one-year, 8% discounted loan, what is the effective interest rate?