1. A firm has total assets of $500 million, including its accounts receivable, which is worth $120 million. The annual sales of the firm is $650 million. The days sales outstanding ratio of the firm is:
2. What are the objectives of MRP? Explain how each of these objectives is achieved.
3. The interest on your home mortgage is tax deductible. Why are the early years of the mortgage more helpful in reducing taxes than in the later years? (250 words please).