Marshall Manufacturing has an ACP of 60 days, an inventory turnover of 6, and turns its payables over once a month. How long is Marshall's cash conversion cycle? (Assume a 360-day year)

Select one:

a. 30 days

b. 60 days

c. 90 days

d. 120 days

[8/8/2018 7:36 PM] Michelle Gonzalez:

A firm's balance sheet discloses cash of $300,000, other assets of $600,000, liabilities of $500,000, preferred stock of $100,000, common stock of $200,000, and retained earnings of $100,000. What is the maximum cash dividend the firm can pay?

Select one:

a. $200,000

b. $300,000

c. $400,000

d. $100,000