1. ABC Corporation currently has an inventory turnover of 21.74, a payables turnover of 15.99, and a receivables turnover of 12.99. How many days are in the cash cycle?
2. ABC Corporation currently has an inventory turnover of 27.38, a payables turnover of 13.4, and a receivables turnover of 13.94. How many days are in the operating cycle?
3. Star Corporation has a current stock price of $24 and has consistently provided a $3 dividend, which will continue in the future. If the expected stock market return is 15% and the T-bill rate is 4%, determine the company's Beta. Assume the stock is correctly priced.