1. ABC Company has annual sales of $152,643 and cost of goods sold of $56,692. The average accounts receivable balance is $37,842. How many days on average does it take the firm to collect its accounts receivable? That is, what is the AR Period?
Assume 365 days.
2. ABC’s last dividend paid was $5.21, its required return is 24%, its growth rate is 4%. What is ABC's expected stock price in 6 years?
3. Suppose you have the following information: $1 = £0.6791 $1 = C$1.4399 What is the £/C$ cross rate?