1. ABC Company has a cash cycle of 13.26 days, an operating cycle of 19.11 days, and an average collection period of 5 days. The company reported cost of goods sold of $271,940. What is the company's average balance in Accounts Payable?
2. Compute the cash cycle based on the following information: Average Collection Period = 55 Accounts Payable Period = 44 Average Age of Inventory = 49.
3. On July 15th, you purchased $10,000 worth of goods. The terms of the sale were 2/7, net 46. What is the effective annual rate of interest for the credit period for this sale?